L&T Finance buys out Fidelity's India MF arm

Setting aside the widespread speculation that a foreign player would buy out Fidelity’s India business, L&T Finance, a domestic player, on Tuesday inked the deal for an undisclosed amount. Company officials indicated the deal value would around Rs 550-600 crore
http://www.business-standard.com/india/news/lt-finance-buys-out-fidelity/s-india-mf-arm/469296/

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