groww: Groww completes Rs 175 crore acquisition of Indiabulls’ mutual fund business
Nextbillion Technology, which runs investment platform Groww, has completed the acquisition of the mutual fund business of Indiabulls Housing Finance (IBHFL) for Rs 175.6 crore after receiving the necessary approvals, IBHFL said in a filing with exchanges. This comes almost two years after Groww inked a definitive agreement in May 2021 to acquire the mutual fund business of IBHFL’s subsidiaries Indiabulls Asset Management Company Ltd (IAMCL) and Indiabulls Trustee Company Ltd (the trustee of IAMCL).The sale of Indiabulls…