investment management

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    Asset Management Expansion: TVS Venu Group Buys PGIM's India Business

    Mumbai, April 2 The TVS Venu Group announced on Thursday that it will acquire PGIM's India asset management business for an undisclosed amount.The Chennai-based conglomerate, which operates in the auto, financial services, and real estate sectors, has entered into definitive agreements to...
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    India's CCI Clears BlackRock's Stake in Aditya Birla Renewables

    New Delhi, March 25 The Fair Trade Regulator, the Competition Commission, approved on Wednesday BlackRock's proposal to acquire a stake in Aditya Birla Renewables Ltd.US-based BlackRock, through its affiliate GIP EM Star Pte Ltd, is acquiring a stake in the company.Mumbai-based Aditya Birla...
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    Powerica IPO Details: Price Band & Use of Funds

    New Delhi, March 18 Power solutions provider Powerica Ltd announced on Wednesday that its initial public offering (IPO) worth Rs 1,100 crore will open for subscription on March 24, with the proceeds primarily being used for debt reduction.The price band has been fixed at Rs 375-395 per share...
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    National Highway Infrastructure Sees New Investment Vehicle

    New Delhi, March 9 – The National Highways Authority of India (NHAI)-sponsored Raajmarg Infra Investment Trust (RIIT) announced on Monday that the initial portion of its upcoming IPO will be allocated exclusively to domestic investors.The anchor book will open for subscriptions on March 10...
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    Infrastructure Investment Opportunity: NHAI’s Raajmarg InvIT IPO

    New Delhi, March 2 The state-owned NHAI-sponsored Raajmarg Infra Investment Trust (RIIT) is preparing to launch its initial public offering (IPO) worth Rs 6,000 crore.The InvIT's first public offering will open on March 11 and conclude on March 13, while bidding for anchor investors will take...
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    Sovereign Wealth Fund Reduces Stake in Adani Amid Financial Crime Concerns

    New Delhi, February 27 Norway's USD 1.2 trillion sovereign wealth fund, the world's largest, has decided to exclude Adani Green Energy Ltd (AGEL) from its portfolio due to concerns about its alleged links to financial crime.Norges Bank, which had in May 2024 excluded Adani Ports and Special...
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    Green Finance Collaboration: Gujarat and Luxembourg Discuss Investment

    Gandhinagar, February 26 – Gujarat has explored potential collaboration with Luxembourg in green finance and long-term infrastructure development during a meeting between Chief Minister Bhupendra Patel and Luxembourg's Finance Minister Gilles Roth in Gandhinagar, officials said on Thursday.The...
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    ASK Group Expands Wealth Management Services with Mutual Fund Launch

    New Delhi, February 17 ASK Asset & Wealth Management Group, a player in the investment and wealth management sector, has received regulatory approval from SEBI to begin operations as an investment manager for the mutual fund business.ASK Mutual Fund will offer investment solutions across...
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