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
image
Related opportunities
  • Casual dine Restaurants
    About Us: Dhaba is an award-winning chain of Punjabi Dhaba &Theka..
    Locations looking for expansion Delhi
    Establishment year 1962
    Franchising Launch Date 2017
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: FullFills is a contemporary restaurant brand which serve international..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • 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
  • Quick Service Restaurants
    About Us: Little Chef is an ideal experience encompassing 15 years..
    Locations looking for expansion New Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
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