Tag: absorb

LIC Mutual Fund: LIC Mutual Fund is planning to absorb IDBI Mutual Fund

[ad_1] LIC Mutual Fund has started the process of absorption IDBI Mutual Fund After two attempts to find buyers for mutual funds failed to meet regulatory norms. IDBI MF promoted by IDBI Bank had to either be sold or merged with LIC MF, as under SEBI rules, a promoter cannot hold more than 10% stake […]

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