Franklin Templeton ups the ante in India
Franklin Templeton Investments to acquire full control of its asset management joint venture in India.
Franklin Templeton Investments is to acquire full control of its India joint venture for an undisclosed sum.
The firm's announcement stated that ôsubject to regulatory approvals and execution of a formal agreementö, it will buy the 25% stake held by Hathaway Investments. Hathaway is part of the Rajan Raheja group of companies and has been the Indian partner in Franklin Templeton Asset Management India since it started operating in the country.
Vijay Advani, executive vice president of Franklin Resources says...
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