BNP Paribas buys 49.9% stake in Indian Sundaram

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INDIA - BNP Paribas Asset Management will buy a 49.9% stake in Sundaram Asset Management Company Limited, it was announced today.

The venture will see the e520m company, a subsidiary of Sundaram Finance Ltd, renamed Sundaram BNP Paribas Asset Management Company Limited. BNP PAM chairman Gilles Glicenstein said the announce...

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