Seeking Alpha

Manulife ventures into India with Mahindra Finance

|About: Manulife Financial Corporation (MFC)|By:, SA News Editor

Manulife (NYSE:MFC) Investment Management and Mahindra & Mahindra (OTCPK:MAHDY) form a joint venture, under which Mahindra will have a 51% stake and Manulife will own the rest.

JV brings together Mahindra's domestic market strength and Manulife's global wealth and asset management capabilities and experience in serving consumers in Asia and around the world.

Brings Manulife Investment Management into India for the first time.

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