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Bank of India to acquire 49% stake each in BOI AXA Investment Managers and BOI AXA Trustee Services

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Capital Market
Last Updated : Dec 03 2020 | 1:50 PM IST
Bank of India has amongst other parties entered into a Share Purchase Agreement (SPA) with AXA investment Managers Asia Holdings (AXA IM) on 2 December 2020, whereby Bank of India has agreed to purchase AXA IM's (a) entire 49% equity shares in BOI AXA Investment Managers (BALM); and (b) entire 49% equity shares in BOI AXA Trustee Services (BATS).

After the captioned acquisitions, both BAIM and BATS will be wholly owned subsidiaries of Bank of India.

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First Published: Dec 03 2020 | 1:35 PM IST

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