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News From Press Franklin MF liquidates lien marked fixed deposit by ADAG

Franklin MF liquidates lien marked fixed deposit by ADAG

Source: Economic Times Feb 9, 2019

Franklin Templeton Mutual Fund has liquidated the lien marked fixed deposit (provided as top-up cash collateral) by the ADAG group to reduce its outstanding exposure. By doing this, the asset manager has brought down its exposure to the ADAG group. 

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