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Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: IndiaNivesh Securities Pvt Ltd

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L&T Finance Holdings Ltd's Completes Acquisition Of Fidelity's Indian Business-Business Standard

Monday, 26 Nov 2012 07:01am EST 

Business Standard reported that L&T Finance Holdings Ltd has completed the acquisition of Fidelity's mutual fund business in India. This marks one of the M&A deals in the country's mutual fund industry in recent past. Though the deal was inked for an undisclosed amount, company officials had pegged the deal at around INR550-INR600 crore (INR5.5-INR6 billion). 

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