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Acquisitions would be a buzzing word in the Mutual Fund industry in 2007

January 29th, 2007

India is a hot market that no international financial group can afford to skip – particularly in the year 2007. While many global funds, banks and financial groups have already lined up with their plans to enter into the Indian Mutual Fund industry, the availability of Standard Chartered AMC put up for sale has come handy for few.

News just rolled in that Standard Chartered AMC was acquired by the UBS AG for a reported consideration of about $118 – 120 Million (Rs.520 – 530 crore).

Entry Filed under: Mutual Funds