India: Tata in talks with Vanguard, Allianz to sell stake in mutual funds business

India: Tata in talks with Vanguard, Allianz to sell stake in mutual funds business

Tata logos are seen at their flagship showroom before the announcement of their Q3 results in Mumbai February 14, 2013. REUTERS/Vivek Prakash/Files

Tata Asset Management Ltd is in talks to sell 26-49% in its mutual fund business to a foreign strategic partner, said two people familiar with the plan.

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