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Fidelity looks at India AMC business exit
The increasing cost of acquiring assets due to a tight regulatory environment and six years without any profits have forced one of the biggest names in asset management to look for exit options in India.
Fidelity Investments is in talks to sell its domestic mutual fund business in the country. Fidelity managed assets of Rs 8,800 crore as of end-December 2011, according to data from the Association
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