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AZB acts for Manulife on $35m buy into Mahindra mutual funds (Jun ‘19)

Canadian insurance multinational Manulife is entering the Indian mutual fund industry through a strategic stake buy in Mahindra Asset Management Company, a source in the financial industry told Moneycontrol.


AZB & Partners advised Manulife Asset Management (Singapore) Pte. Ltd on the joint venture led by a team of partner Rushabh Maniar.


Deal value: USD 35 Million / INR 2.44 Billion

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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