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Wednesday, November 5, 2008 - 05:30 IST
Religare Acquires Lotus Mutual Fund 
BY Madhav A Chanchani
In October, Lotus saw its assets under management fall by a third, and the deal appears to be a distress sale.
Ranbaxy Group's recently floated asset management arm Religare Aegon has agreed to acquire Lotus India Asset Management Company, the company said in a communique to the stock exchanges. The deal size is not mentioned. However, The Economic Times on Tuesday morning reported...
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