Select a page

Banking News

BNP Paribas to make second Indian investment

BNP Paribas to make second Indian investment

(24 October 2006 – India) BNP Paribas is set to buy a 33 percent stake in Indian broking firm Geojit Financial Services pending regulatory approval. The deal is the French bank’s second investment in India following the purchase of a 49.9 percent stake in mutual fund firm Sundaram Asset Management 12 months ago.

The bank sank an extra US$63 million into its Indian business earlier this month, pushing its overall investment in India to more than US$220 million.

There is no information yet on whether those funds have been used to purchase Geojit.
East & Partners's avatar

Comment on this article


Your comments will not be published. Required fields are marked *


Please enter the word you see in the image below:


Subscribe to our mailing list

Sign up now to keep up-to-date with the latest
market news and insights in B2B banking.

* indicates required

For more information please read our Terms and Conditions and Privacy Statements.