 "DSP, BlackRock part ways in MF venture after nearly a decade")
US-based BlackRock and Hemendra Kothari-led DSP group have ended their mutual fund (MF) joint venture DSP BlackRock Investment Managers. Under an agreement announced on Monday, the DSP Group will buy the 40 per cent stake held by BlackRock in the venture, which manages and markets a range of co-branded MFs in India.
“The sale is expected to complete, subject to regulatory approval, once naming transfers and investment scheme unit holder communications are finalised,” BlackRock said in a release.
The valuation for the deal has not been disclosed. It is also not clear if DSP and BlackRock will get into a
