CCI Approves Stake Acquisition in Groww Asset Management

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Groww Asset Management Ltd. by State Street Global Advisors Inc. The approval was issued vide Press Release dated 25th March 25, 2026. 

Transaction Overview 

The proposed transaction involves State Street Global Advisors, Inc. acquiring a stake in Groww Asset Management Limited.  

About the Acquirer 

State Street Global Advisors, Inc. is a subsidiary of State Street Corporation. It operates under the “State Street Investment Management” brand, which serves as the asset management arm of the parent company. 

About Groww Asset Management 

Groww Asset Management Limited is a wholly owned subsidiary of Billionbrains Garage Ventures Limited. The company manages various schemes under Groww Mutual Fund. 

Business Activities 

Through Groww Mutual Fund, the company offers a range of investment products, including: 

• Equity funds
• Hybrid funds
• Debt funds
• Exchange traded funds