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    SBI Capital, SHCI in race to acquire IDFC Securities, says report

    SBI Capital, SHCI in race to acquire IDFC Securities, says report

    SBI Capital, SHCI in race to acquire IDFC Securities, says report
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    By CNBC-TV18  IST (Published)

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    SBI Capital Markets and Stock Holding Corporation of India (SHCI) entered the race to acquire IDFC Securities after the company called for a fresh round of bids, The Economic Times reported, citing sources.
    SBI Capital and SHCI made their offers after the company cancelled the first round stating that it did not advertise its stake sale. According to the report, most of the new bids are around Rs 120 crore.
    Equirus Capital, former Axis Capital managing director Dharmesh Mehta, InCred Finance and Carnelian Capital had made offers in the first round to buy the firm, the report said, adding that some may have pulled out of the race.
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