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Mumbai, Aug. 29

ICICI Bank and Mitsubishi UFJ Securities Co Ltd have signed a memorandum of understanding to offer reciprocal services in corporate finance, asset management business, merger and acquisitions among others.

The tie-up is subject to regulatory approvals and is a non-exclusive partnership, a press release said. Both partners will also consider co-operation in the sales of financial products, the release added.

(This article was published in the Business Line print edition dated August 30, 2006)
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