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Reliance MF deal may not trigger M&A activity
Market conditions, lack of profitability and regulatory flip-flops major concerns for acquirers. Even as Reliance Mutual Fund has inked the biggest deal in the Indian mutual fund segment with Japanese life insurance major Nippon, experts do not see many more deals in the asset management space soon. Dhirendra Kumar, chief executive officer at Value Research, said, "I do not see much M&A activity this
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