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Investment platform Groww has completed the acquisition of Bengaluru-based wealth management platform Fisdom after receiving approval from market regulator Securities and Exchange Board of India (Sebi).
The company had announced on May 18 that it had signed a definitive agreement to acquire Fisdom. With regulatory approvals now secured, the transaction is valued between $140 million and $160 million.
ET was the first to report on the deal on March 13.
The acquisition comes at a strategic time for Groww, as the company has filed for its initial public…
