S'pore's DBS to sell stake in India fund unit

MUMBAI, March 30 (Reuters) - Singapore's DBS on Tuesday said, it would sell stake in its Indian mutual fund unit to Chennai-based Murugappa Group for 91 rupees a share.

DBS Cholamandalam Asset Management is run by Cholamandalam DBS Finance, a joint venture between DBS, Southeast Asia's biggest bank, and India's Murugappa Group.

(Reporting by Pratish Narayanan; Editing by Aradhana Aravindan)

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