HSBC AMC to acquire L&T Mutual Fund for Rs 3,192 crore

[ad_1] New Delhi: Foreign lender HSBC on Thursday introduced that its asset administration arm will purchase L&T Mutual Fund for USD 425 million (about Rs 3,192 crore). L&T Finance Holdings (LTFH) and HSBC Asset Management (HSBC AMC) have entered right into a definitive settlement whereby the latter will purchase 100 per cent fairness shares of … Read more