Hotline: 1800 102 2007
X
Search Business Opportunities
Apr, 30 2018

BlackRock bids For acquisition of DSP’s stake in Joint Venture

BlackRock holds a 40% stake while Hemendra Kothari-led DSP Group owns 60% in the JV, which also manages DSP BlackRock Alternative Investment Fund.

Global asset manager BlackRock Inc. is in the acquisition process with DSP Group from their asset management joint venture DSP BlackRock Investment Managers Pvt. Ltd, reported a financial daily, citing two people aware of the development.

BlackRock holds a 40% stake while Hemendra Kothari-led DSP Group owns 60% of the JV, which also manages DSP BlackRock Alternative Investment Fund.

DSP BlackRock’s total assets under management stood at Rs 86,000 crore as of March 2018, according to the report. It is one of the top 10 mutual fund companies in India.

Comment
Related opportunities
  • Lingerie & Innerwear
    About Us: Trylo Inner Luxury - the name says it all...
    Locations looking for expansion Gujarat
    Establishment year 1992
    Franchising Launch Date 2014
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surendranagar Gujarat
  • Competitive Exam Coaching Institute
    About Us: Do you have high aims? Get connected with Vidyalankar..
    Locations looking for expansion Maharashtra
    Establishment year 1960
    Franchising Launch Date 2010
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Others Food Service
    About Us: Diet Delite Pvt Ltd was established in 2016 by Dr.Paramesh..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Karnataka
  • About Us: Global Academy Public School stands out as a master..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mandsaur Madhya Pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities