Janus Henderson eyes India's funds industry

Janus Henderson Group Plc is on the lookout for deals to expand its asset management business into India, as the country's booming stock market and heady growth attract more and more attention from global investors.

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The $308 billion asset manager is in early-stage discussions with Indian mutual funds on options ranging from buying midsized companies to inking a joint venture or doing research partnerships, said Andrew Hendry, head of distribution for Asia and chief executive officer for Singapore, in an interview.

He declined to elaborate on the potential deal size, but said the firm is aiming to finalize an agreement within the next two years.