Manulife picks 49pc stake in Mahindra AMC for Rs 265 cr
Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) on Wednesday said global financial services group Manulife has acquired 49 pct stake in its wholly-owned subsidiary Mahindra Asset Management Company
Singapore arm of Manulife, Manulife Investment Management (Singapore) has bought 49 pct stake in the joint venture where Mahindra Finance will now own the balance 51 pct. Source: PTI