L&T Mutual Fund plans to sell 49% stake

Report says that the stake sale could fetch an estimated Rs. 600-625 crore.

L&T Mutual Fund is planning to sell a 49% stake to a strategic partner to raise capital, according to reports.

Report says that the stake sale could fetch an estimated Rs. 600-625 crore. 

The fund is exploring various options, which include a joint venture with an established mutual fund, says L&T MF.