<p>Under the JV, which is in the process of getting Sebi nod, Union Bank will own a majority 51 per cent stake, while the remainder is held by the globally active asset manager of the KBC group.</p>.<div><p><strong>Deccan Herald is on WhatsApp Channels</strong>| <a href="https://www.deccanherald.com/specials/deccan-herald-is-now-on-whatsapp-heres-how-you-can-join-2698271">Join now for Breaking News & Editor's Picks</a></p></div>
<p>Under the JV, which is in the process of getting Sebi nod, Union Bank will own a majority 51 per cent stake, while the remainder is held by the globally active asset manager of the KBC group.</p>.<div><p><strong>Deccan Herald is on WhatsApp Channels</strong>| <a href="https://www.deccanherald.com/specials/deccan-herald-is-now-on-whatsapp-heres-how-you-can-join-2698271">Join now for Breaking News & Editor's Picks</a></p></div>