On t
he road to become one of the few foreign asset management companies to own a 100% stake in the Indian mutual fund business, Franklin Templeton Investments has announced that it would buy out the 25% stake held by Hathway Investments of the Rajan Raheja Group of Companies in its joint venture in India – Franklin Templeton Asset Managemet India Private Limited (Franklin Templeton AMC). This acquisition, though, would be subject to regulatory approvals and execution of the agreement. Currently, Deutsche Asset Management Company and Fidelity India Fund Management are the other two wholly foreign AMCs operating in India.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
he road to become one of the few foreign asset management companies to own a 100% stake in the Indian mutual fund business, Franklin Templeton Investments has announced that it would buy out the 25% stake held by Hathway Investments of the Rajan Raheja Group of Companies in its joint venture in India – Franklin Templeton Asset Managemet India Private Limited (Franklin Templeton AMC). This acquisition, though, would be subject to regulatory approvals and execution of the agreement. Currently, Deutsche Asset Management Company and Fidelity India Fund Management are the other two wholly foreign AMCs operating in India.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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