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AZB for BNP, Khaitan for Bank of Baroda on Oct ‘19 merger of mutual fund businesses

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 filing.


AZB & Partners advised BNP Paribas Asset Management Asia Limited led by a team of partners Rushabh Maniar, Ashwath Rau, Rinki Ganguli and Arvind Ramesh, senior associates Palak Khandelwal and Himanshoo Tembe.

Khaitan & Co advised Bank of Baroda led by a team of partner Abhishek Sinha, senior associate Gautam Suseel and associate Probal Bose; on competition aspects advised partner Anisha Chand, senior associate Soham Banerjee, associate Anmol Awasthi and associate Arvind Pillai.

The merger had received the blessing of the Competition Commission of India (CCI) in November 2019.


Deal value: TBC

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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