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Asset management firm State Street invests $65 million in Groww AMC
Global asset manager State Street Investment Management has invested $65 million (about Rs 580 crore) in rel=”dofollow” href=”https://economictimes.indiatimes.com/billionbrains-garage-ventures-ltd/stocks/companyid-2282831.cms” target=”_blank”>Groww Asset Management Company (AMC). Of the total investment, about Rs 381 crore will be secondary share purchases, while around Rs 199 crore will be fresh capital, which could dilute Groww AMC’s share capital by up to […]
Of the total investment, about Rs 381 crore will be secondary share purchases, while around Rs 199 crore will be fresh capital, which could dilute Groww AMC’s share capital by up to 23%.
The investment is aimed at building global investment capabilities and products for Indian investors, while also allowing Groww to explore opportunities outside the country.
The strategic investment by State Street comes at a…
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