Groww acquires Indiabulls’ Mutual Funds business for INR 175 Cr
Shortpedia
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India’s latest wealth management unicorn Groww, managed by Nextbillion Technology Pvt Ltd, has announced the acquisition of Indiabulls Asset Management Company Limited and its trustee Indiabulls Trustee Company Limited for INR 175 Cr. The acquisition is subject to the approval of SEBI. Launched in April 2017, Groww offers direct plans for mutual funds and a seamless and transparent approach to investing.
