Deal is worth $35m and sees the US firm take a 49% stake. : Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details Through the sale, Manulife aims to expand its fund offerings, drive fund penetration and achieve long-term wealth creation in India. The acquired business, Mahindra Asset Management Company (AMC), is described as one of the fastest growing asset management companies in India. It currently offers around 13 investment schemes and has over 200,000 customer accounts across 400 cities.