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Acquisition

18th Sep 2012 12:41

RNS Number : 5331M
Schroders PLC
18 September 2012
 



Schroders plc

 

Schroders completes acquisition of 25 per cent. interest in Axis Asset Management Company

 

 

18 September 2012

 

 

Further to the announcement on 27 April 2012, Schroders plc announces that following receipt of regulatory approvals its wholly owned subsidiary, Schroder Singapore Holdings Private Limited, has today completed the acquisition of 25 per cent. of the share capital of Axis Asset Management Company, the Indian asset management business of Axis Bank Limited.

 

 

 

For further information, please contact:

 

Schroders plc

 

Emma Holden - Head of Corporate Communications

+44 (0) 20 7658 2329

[email protected]

Axis Bank Limited

Julius Samson - Senior Vice President and Head, Corporate Communications

+91 22 24 254 604

[email protected]

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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