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Fintech firm Groww enters Rs 32-trillion MF space with Indiabulls purchase

Groww said Sebi's recent change in sponsorship criteria for fintech companies has enabled it to enter into the asset management space

Topics
Groww | Mutual Funds | Indiabulls

Chirag Madia  |  Mumbai 



Sebi's one-scheme-per-category to shake up mutual funds' industry

Groww, a fast-growing technology-oriented investment platform, has signed an agreement with Housing Finance (IBHFL) to acquire Asset Management Company and Trustee Company for consideration of Rs 175 crore (including cash and cash equivalents of Rs 100 crore).

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First Published: Tue, May 11 2021. 20:03 IST

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