Bharti In Talks To Sell Asset Management Biz - Bharti Enterprises is in talks with Bank of India, the fifth-largest state-owned bank, to sell its 25% stake in the domestic asset management joint venture with AXA Investment Managers. The AXA Group, headquartered in Paris, owns 75% in the mutual fund venture with assets under management, or AUM, worth Rs 510 crore as on September 30. Bank of India is keen to raise its stake in Bharti AXA Investment Managers beyond Bharti’s 25% share in the venture. (Economic Times)
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