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Notable Mergers and Acquisitions of the Day 03/16: (GS) (MRT) (DFZ)
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- Goldman Sachs Group Inc. (NYSE: GS) announced Wednesday that it has agreed to acquire Benchmark Asset Management Co., the largest provider of index-tracking funds in India, as the firm looks to expand in the third largest market in Asia.
At the end of the year, Goldman did not oversee any assets in India, according to a report from Bloomberg citing the Association of Mutual Funds of India.
Goldman did not disclose the financial terms of the deal, which is expected to be closed by the end of the year and is subject to regulatory approvals.
Mutual-fund assets have fallen 19 percent in India
- Goldman Sachs Group Inc. (NYSE: GS) announced Wednesday that it has agreed to acquire Benchmark Asset Management Co., the largest provider of index-tracking funds in India, as the firm looks to expand in the third largest market in Asia.
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