Mirae Asset Financial Group completes acquisition of Sharekhan

The company noted that Mirae Asset’s decision to acquire Sharekhan aligns with its strategy to strengthen its footprint in India’s retail brokerage market.

Mirae Asset Financial Group announced on November 28 that it has officially completed its acquisition of Sharekhan, following the receipt of all necessary regulatory approvals.

"With the integration, Sharekhan will continue to expand its business, leveraging Mirae Asset’s global expertise to enhance its service offerings and extend its reach across India," the Group said in a release.

The company noted that Mirae Asset’s decision to acquire Sharekhan aligns with its strategy to strengthen its footprint in India’s retail brokerage market.

Hyeon-Joo Park, founder and global strategy officer of Mirae Asset Financial Group said "The acquisition of Sharekhan underscores Mirae Asset’s commitment to India as a key growth market."

Also read: BNP Paribas sells Indian retail broking arm Sharekhan to Mirae Asset Financial for Rs 3,000 cr

In December 2023 it was reported that leading European Bank BNP Paribas had  divested its domestic retail broking unit, Sharekhan, to South Korea's Mirae Asset Financial Group for Rs 3,000 crore. BNP Paribas had announced its acquisition of Sharekhan in 2015, and the deal was completed in January 2018.

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