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How valuations in mutual fund business have slid in India

By Jyotindra Dubey

  • 07 Mar 2017
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How valuations in mutual fund business have slid in India
Credit: Thinkstock

In December 2007, US investment firm Eton Park Capital Management LP purchased a 5% stake in the mutual fund arm of billionaire Anil Ambani’s Reliance Capital Ltd for about Rs 500 crore. That deal was struck at a valuation India’s hypercompetitive mutual fund industry hasn’t seen since.India’s mutual fund industry ......

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