BusinessASK Investment Managers Acquires SageOne to Expand Asset Management
ASK Investment Managers, backed by Blackstone, will acquire SageOne Investment Managers, enhancing its portfolio management and alternative investment funds services. SageOne founder Samit Vartak will reinvest and serve as chief investment officer for equities. The deal, valued around ₹2,000 crore ($200 million), will combine assets over ₹85,000 crore and strengthen ASK's equity capabilities with global distribution support.
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