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Mirae buys Sharekhan for ₹3,000 cr
Business Standard
|December 13, 2023
French banking major BNP Paribas bought the retail broking unit in 2007
South Korea's Mirae Asset Securities announced on Tuesday the acquisition of India's retail-focused brokerage Sharekhan for 487 billion won (₹3,000 crore) from the French bank BNP Paribas.
A Reuters report, citing exchange filings, stated that Mirae Asset would be acquiring a 72.76 per cent stake in Sharekhan for around 288 billion won from BNP Paribas. It will separately acquire a 99.9 per cent stake in Human Value Developers, which owns a 27.24 per cent stake in Sharekhan, for around 199 billion won.
This story is from the December 13, 2023 edition of Business Standard.
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