Photo Credit: Thinkstock

How valuations in mutual fund business have slid in India

08 March, 2017

In December 2007, US investment firm Eton Park Capital Management LP purchased a 5% stake in the mutual fund arm of billionaire Anil Ambani’s Reliance Capital Ltd for about Rs 500 crore. That deal was struck at a valuation India’s hypercompetitive mutual fund industry hasn’t seen since.


Leave Your Comment
Nomura Set To Pick Up 35% Stake in LIC Mutual Fund

Nomura Set To Pick Up 35% Stake in LIC Mutual Fund

Madhav A Chanchani 8 years ago
Nomura Holdings, the Japanese investment banking major, is set to pick up a 35% stake in LIC Mutual Fund. The board of its parent firm, state-owned Life...
HDFC Mutual Fund to buy all eight schemes of Morgan Stanley in India

HDFC Mutual Fund to buy all eight schemes of Morgan Stanley in India

Anuradha Verma 4 years ago
India’s largest mutual fund manager in terms of assets under management (AUM) HDFC Mutual Fund has entered into a definitive agreement to buy all the...
Essel Finance acquires Peerless Mutual Fund

Essel Finance acquires Peerless Mutual Fund

Bruhadeeswaran R 9 months ago
Subhash Chandra-promoted diversified business group Essel is closing a full acquisition of the mutual fund and trust management business of Kolkata-based Peerless General Finance and...
No Comments

How valuations in mutual fund business have slid in India

Powered by WordPress.com VIP