State Street to Buy 23% Stake in Groww Mutual Fund for ₹580 Crore

State Street to buy 23% stake in Groww Mutual Fund for ₹580 crore

State Street's deal includes secondary share purchases worth ₹381 crore and a subscription to primary capital worth ₹199 crore. The deal will dilute Billionbrains's stake by up to 23%, while State Street’s voting power will be capped at 4.99%.

State Street to invest up to ₹580 crore in Groww AMC

State Street plans to invest ₹580 crore in Groww AMC, enhancing its presence in India's growing asset management market.

Groww ropes in US-based State Street as strategic investor with Rs 580 crore AMC deal

Groww has partnered with US-based State Street Global Advisors, which will invest up to Rs 580 crore in Groww AMC through primary and secondary shares. The deal, involving up to 23% stake dilution, strengthens Growws mutual fund business, supporting expansion, global collaboration, and enhanced product offerings for Indian investors.

State Street To Acquire 23% Stake In Groww AMC For INR 580 Cr

Global asset manager State Street Investment Management (SSIM) will acquire a 23% stake in Groww’s asset management arm Groww AMC by investing INR 580.02 Cr in a mix of primary and secondary capital. SSIM is the asset management division of the US-based State Street Corporation and the fourth largest asset manager globally. Its assets under management (AUM) stood at $5.4 Tn as of September 2025. SSIM will invest INR 381 Cr in Groww AMC via secon…

Millions of new Indian investors in focus as State Street backs Groww

A strategic minority stake in Groww AMC lets State Street target India’s growing wealth market and build Indian-focused strategies for clients worldwide.

State Street announces strategic minority investment in Groww AMC

State Street Investment Management today announced a strategic minority investment, subject to regulatory approval, in Groww Asset Management Limited.