Sundaram Finance to acquire BNP Paribas stake in two JVs for Rs 1,000 crore
Updated : June 21, 2019 06:36 AM IST
Subject to necessary regulatory approvals, the entire 49 percent equity stake held by BNP Paribas Securities Servies in Sundaram BNP Paribas Fund Services Ltd would be acquired for Rs 15 million (Rs 1.5 crore).
Similarly, the 49.9 percent stake of BNP Paribas Personal Finance in Sundaram BNP Paribas Home Finance Limited would be acquired for about Rs 999.66 crore, according to NSE filings by the city-based Sundaram Finance Ltd.
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