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Bank of Baroda to merge mutual fund arm with BNP Paribas AMC
October 11, 2019 | By Livemint.com
business
The consolidation will lead to greater business synergies and will also help in creating a complete range of schemes as well as larger sized schemes, the bank said.Once the merger consummates, BoB will hold a 50.1% stake in the resulting asset management comp…
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Mumbai: State-owned lender Bank of Baroda (BoB), on Friday said that it has signed a binding agreement with BNP Paribas Asset Management Asia Ltd for a potential merger of their mutual fund business, in an all-stock deal, the bank said in a stock exchange fil
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