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Bank of India acquires 51% in Bharti Axa MF

Bank of India is returning to the asset management industry after a long interval, by buying a 51% stake in Bharti Axa Investment Managers. Bharti Axa is a joint venture between Bharti Ventures and the Axa group. Bharti had decided to exit its financial services joint ventures with Axa, in the insurance and asset management businesses.
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