Posted On: 25 MAR 2026 8:35PM by PIB Delhi The Competition Commission of India (CCI) has approved acquisition of shareholding of Groww Asset Management Limited by State Street Global Advisors, Inc. The proposed transaction relates to the acquisition of shareholding by State Street Global Advisors, Inc. ( State Street ) in Groww Asset Management Limited ( Target ). State Street is a subsidiary of State Street Corporation ( SSC ) and operates under the “State Street Investment Management” brand, which is the asset management arm of SSC. The Target is a wholly owned subsidiary of Billionbrains Garage Ventures Limited which manages various schemes of Groww Mutual Fund ( Groww MF ). Through Groww MF, the Target offers a diverse portfolio of mutual fund schemes, including equity funds, hybrid funds, debt funds, and exchange traded funds. Detailed order of the Commission will follow. ***** NB/ONP (Release ID: 2245404) Visitor Counter : 408 Read this release in: Urdu , हिन्दी Competition Commission of India CCI approves acquisition of shareholding of Groww Asset Management by State Street Global Advisors, Inc. Posted On: 25 MAR 2026 8:35PM by PIB Delhi The Competition Commission of India (CCI) has approved acquisition of shareholding of Groww Asset Management Limited by State Street Global Advisors, Inc. The proposed transaction relates to the acquisition of shareholding by State Street Global Advisors, Inc. ( State Street ) in Groww Asset Management Limited ( Target ). State Street is a subsidiary of State Street Corporation ( SSC ) and operates under the “State Street Investment Management” brand, which is the asset management arm of SSC. The Target is a wholly owned subsidiary of Billionbrains Garage Ventures Limited which manages various schemes of Groww Mutual Fund ( Groww MF ). Through Groww MF, the Target offers a diverse portfolio of mutual fund schemes, including equity funds, hybrid funds, debt funds, and exchange traded funds. Detailed order of the Commission will follow. ***** NB/ONP (Release ID: 2245404) <span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The Competition Commission of India (CCI) has approved acquisition of shareholding of Groww Asset Management Limited by State Street Global Advisors, Inc.<strong> </strong></span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The proposed transaction relates to the acquisition of shareholding by State Street Global Advisors, Inc. (<strong>State Street</strong>) in Groww Asset Management Limited (<strong>Target</strong>).</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">State Street is a subsidiary of State Street Corporation (<strong>SSC</strong>) and operates under the “State Street Investment Management” brand, which is the asset management arm of SSC.</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px">The Target is a wholly owned subsidiary of Billionbrains Garage Ventures Limited which manages various schemes of Groww Mutual Fund (<strong>Groww MF</strong>). Through Groww MF, the Target offers a diverse portfolio of mutual fund schemes, including equity funds, hybrid funds, debt funds, and exchange traded funds.</span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">Detailed order of the Commission will follow.</span></span></span></p> <p style="text-align:justify"> </p> <p style="text-align:center"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><span style="color:black">*****</span></span></span></p> <p style="text-align:justify"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:16px"><strong>NB/ONP</strong> </span></span></p> " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; 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CCI approves acquisition of shareholding of Groww Asset Management by State Street Global Advisors, Inc.
Original PIB release
pib.gov.in · PRID 2245404
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pib.gov.in · PRID 2245404