Telecom/Mobile News Headlines | Tech News – Yahoo! India News: Bank of India to buy 51 pct of Bharti AXA asset manager

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Bank of India to buy 51 pct of Bharti AXA asset manager Dec 4th 2011, 13:37 MUMBAI (Reuters) - State-run Bank of India said late on Saturday it would buy 51 percent of Indian asset manager Bharti Axa Investment Managers Pvt Ltd from the firm's two joint venture partners. Bharti AXA Investment Managers is a tie-up between Bharti Enterprises, which controls leading Indian mobile telecoms firm Bharti Airtel , and France's AXA , Europe's second-largest insurer. The joint venture, also known as Bharti AXA Mutual Fund, had assets under management averaging 1. ...

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