BNP Paribas buys 49.9% stake in Indian Sundaram

clock

INDIA - BNP Paribas Asset Management will buy a 49.9% stake in Sundaram Asset Management Company Limited, it was announced today.

The venture will see the e520m company, a subsidiary of Sundaram Finance Ltd, renamed Sundaram BNP Paribas Asset Management Company Limited. BNP PAM chairman Gilles Glicenstein said the announce...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on India

India proposal to regulate pensions omits foreign investment

INDIA - India's government has presented proposals in parliament that seek to give statutory power to the country's pension regulator, while omitting any mention of allowing foreign investment in the provision of old-age income.

Bibhudatta Pradhan at Bloomberg News
clock 24 March 2011 •

GSAM boosts Indian footprint with ETF acquisition

INDIA - Goldman Sachs Asset Management has acquired India's largest ETF provider Benchmark Asset Management and announced plans to bring actively managed funds onshore.

clock 16 March 2011 •

Indian fund turns to micro-finance for first deposits

INDIA - A new scheme catering for workers in India's unorganised sector is looking for micro-finance loan providers to help members make their first contributions.

clock 06 October 2010 •
Trustpilot