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Groww takes over Indiabulls' mutual fund business for ₹175.6 crore
short by Ananya Goyal / on Friday, 5 May, 2023
Nextbillion Technology, which operates wealth management platform Groww, has completed the acquisition of the mutual fund business of Indiabulls Housing Finance (IBHFL) for ₹175.6 crore after receiving the necessary approvals, IBHFL said. This comes almost two years after the acquisition was announced. The deal also includes a cash equivalent of ₹100.62 crore to be invested by Groww.
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