L&T Finance to Acquire Fidelity Indian Asset Management Business

March 29, 2012

On March 27, 2012, thehindubusinessline.com reported that L&T Finance had agreed to acquire the Indian asset management business of Fidelity International for an undisclosed amount.

On March 27, 2012, thehindubusinessline.com reported that L&T Finance had agreed to acquire the India-based asset management business of Fidelity International for an undisclosed amount.  The transaction is expected to close in approximately two months.  L&T is a subsidiary of listed L&T Finance Holdings.  L&T Mutual Fund manages approximately Rs 4,616 crore in assets. 

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Categories

Investment Manager M&A, Mutual Fund M&A, Transactions