STT in Talks for India Mutual Fund Stake: Aligns With Growth Strategy?
Key Takeaways State Street is in advanced talks to acquire a stake in an Indian mutual fund.The deal will combine STT's technology with the partner's distribution network.STT's expansion aligns with its broader global growth and restructuring efforts.After partnering with smallcase earlier this year to expand in India’s fintech sector, State Street’s (STT) investment management division now seeks to expand in the country’s rapidly growing $900-billion asset management market. Per a Bloomberg report, citing ...