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L&T Finance Holdings Ltd Seeks Morgan Stanley India Wealth Management-DJ


Monday, 21 Jan 2013 03:05am EST 

Dow Jones reported that L&T Finance Holdings Ltd is in advanced talks to buy Morgan Stanley's wealth management business in India, the Business Standard newspaper reported on Monday. The deal could be finalized in a month. It didn't say how much L&T Finance is likely to pay for the business. It had set up the wealth management unit five years ago. Financial terms of the deal were not disclosed. 

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