Tag: Indiabulls Mutual Fund acquisition

Groww to acquire Indiabulls MF business for Rs175 cr

Online investment platform Groww announced that it will be acquiring Indiabulls Mutual Fund for a total consideration of Rs 175 crore, according to PTI report.  The digital platform will acquire Indiabulls Asset Management Company (IBAMC) and the trustee company for Rs 175 crore, which includes a cash and equivalent component of Rs 100 crore, an…