(From M2 Equity Bites)
M2 EQUITYBITES-April 27, 2012-Schroders partners with Axis Bank in Indian market (C)1994-2012 M2 COMMUNICATIONS http://www.m2.com
Asset management firm Schroders plc (LSE:SDR) announced today an investment in the Indian asset management sector by Schroder Singapore Holdings Private Limited, a wholly owned subsidiary of the company.
The Singapore subsidiary has agreed to acquire 25% of the share capital of Axis Asset Management Company (Axis AMC), the Indian asset management business of Axis Bank Limited. …