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Bank of India surges 2% on deal with AXA Group

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SI Reporter Mumbai
Last Updated : Jan 21 2013 | 1:22 AM IST

Bank of India surged 2% post the news that the bank has agreed to enter into a joint venture with AXA Investment Managers in the asset management business in India.

In the proposed joint venture, Bank of India will acquire 51% of the equity and the balance will be with AXA Group.

In intra-day deals, the stock opened at Rs 341 and touched the high of Rs 350. The counter has seen trades around 77,000 shares so far on the BSE and NSE.

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First Published: Dec 05 2011 | 10:20 AM IST

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