Mirae Asset has finalized the acquisition of Sharekhan in a ₹3,000 crore (487 billion won) deal, marking a significant step in expanding its presence in India.
In a statement, Mirae Asset highlighted that the acquisition would allow Sharekhan to leverage Mirae’s global expertise to enhance its offerings and broaden financial services for Indian clients. The integration aims to create a robust financial platform combining Mirae’s international resources with Sharekhan’s strong market position.
The new logo symbolizes this partnership, representing the seamless union of both entities and their shared aspiration to support India’s growing financial market.
Hyeon-Joo Park, Founder and Global Strategy Officer of Mirae Asset, emphasized the importance of the Indian market, stating that the acquisition aligns with the company’s commitment to innovation and global reach. “We’re thrilled to merge Mirae Asset’s international strengths with Sharekhan’s deep understanding of India’s financial landscape to create new wealth opportunities for clients,” he said.
Jisang Yoo, CEO of Mirae Asset Capital Markets India, will take on the role of CEO at Mirae Asset Sharekhan, steering the combined entity towards its growth objectives.
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