Edelweiss to buy JP Morgan's India MF business
Edelweiss Asset Management on Tuesday announced the acquisition of JP Morgan's mutual fund business in India that has assets worth over ₹7,000 crore. Under the deal, Edelweiss will acquire all onshore fund schemes managed by JP Morgan Asset Management India, subject to regulatory approvals. Post acquisition, the assets under management (AUMs) of the combined entity would be ₹8,757 crore.