Schroders Investment in talks to buy 30% stake in Axis MF

Schroders Plc is in talks to acquire an almost 30% stake in India's Axis Asset Management in a deal worth around Rs 130 crore.

March 15, 2012 / 16:44 IST

Schroders Plc is in talks to acquire an almost 30% stake in India's Axis Asset Management in a deal worth around Rs 130 crore, two newspapers reported on Wednesday citing unnamed sources.

A senior management team from the London-listed company, which manages assets worth around USD 290 billion, will visit Mumbai next week to finalise the deal with the mutual fund founded by Axis Bank

first published: Mar 15, 2012 04:42 pm

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