Moneycontrol
Mar 28, 2012 01:34 PM IST | Source: CNBC-TV18

Integration plan for Fidelity MF in place: L&T's Deosthalee

Chairman and MD of L&T Finance Holdings YM Deosthalee says the integration process is still being worked out.


The cat is finally out of the bag. Fidelity AMC's India business has been taken over by L&T Mutual Fund. Sources indicate that L&T is likely to have paid around Rs 550 crore for the India arm. Chairman and MD of L&T Finance Holdings YM Deosthalee says the integration process is still being worked out.

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