L&T Finance Holdings in talks with HSBC to sell its MF arm: Report

Last year, private equity giant Blackstone emerged as the frontrunner for a Rs 3,200- crore acquisition of L&T Mutual Fund, but the deal closure would hinge upon approval from the capital markets regulator, which generally frowns upon private equity ownership of mutual funds.

from Banking/Finance-Industry-Economic Times https://ift.tt/2V1RyqG