Bank Muscat says to exit stake in Mangal Keshav Securities

It is exploring various options, including a share buyback

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Reuters Dubai
Last Updated : Nov 10 2013 | 12:04 PM IST

Bank Muscat plans to exit its 45.7% stake in an Indian securities firm, Oman's top lender said in a statement on Sunday.

The bank is considering various exit options for its stake in Mangal Keshav Securities Ltd, including a share buyback, the bank said, adding that it had received approval from its board for the planned move.

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First Published: Nov 10 2013 | 10:40 AM IST

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