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Chairman's Statement - 42nd St. Gallen Symposium

Lord Griffiths of Fforestfach (GB) Vice Chairman, Goldman Sachs InternationalFor the 14th time, Lord Griffiths of Fforestfach leads through the programme of the St. Gallen Symposium's opening day.

Anil Ambani's Reliance MF to pay Rs 243 cr for Goldman Sachs's India mutual fund biz

Oct 21, 2015    

Mumbai: In its first ever acquisition, Reliance Capital Asset Management (RCAM) today announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in an all-cash deal as yet another foreign player exits the Rs 13 lakh crore Indian MF market.The deal, under which RCAM will acquire all 12 onshore mutual fund schemes of Goldman Sachs Asset Management India with total asset under management of Rs 7,132 crore, would also make Reliance MF the exclusive fund manager for the government's ambitious Central Public Sector Enterprises (CPSE) Exchange Traded Fund.The tra...

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