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Mumbai, July 7 Pioneer Global Asset Management SpA has got a no-objection certificate from SEBI to commence mutual fund business. This joint venture of Pioneer Investments and Bank of Baroda, wherein Pioneer Investments holds 51 per cent stake with management control and BoB holds 49 per cent stake will now be named as Baroda Pioneer Asset Management Co Ltd. BoB MF will be known as “Baroda Pioneer Mutual Fund”.

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