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Edelweiss Asset Management buys fund biz of JP Morgan Asset

Press Trust of India  |  New Delhi 

Edelweiss Asset Management Company has completed of fund schemes of JP Morgan Asset Management

It is a wholly-owned subsidiary of Edelweiss Financial Services Ltd.

"After obtaining the necessary regulatory approvals, the subsidiary has completed the of the onshore fund schemes managed by JP Morgan Asset Management India," Edelweiss Financial Services said in a regulatory filing.

The is inclusive of JP Morgan Asset Management's India-based onshore mutual fund business and the international fund of funds, it added.

of Edelweiss Financial Services closed at Rs 99.80 on BSE, up 5.55 per cent.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 28 2016. 19:28 IST