Multiple choice general knowledge

Which Asset Management Company took a 49.9% stake in Sundaram Mutual Fund to enter into India via Joint Venture route?

  1. BNP Paribas

  2. Citigroup

  3. CIGNA

  4. Merrill Lynch
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A Correct answer
Explanation

BNP Paribas acquired a 49.9% stake in Sundaram Mutual Fund in 2009, marking the French banking giant's entry into the Indian asset management sector through a joint venture with Sundaram Finance.

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