The board in its meeting held today have approved the sale of the company's 49 per cent shareholding in BNP Paribas Sundaram Global Securities Operations Private to BNP Paribas Securities Services, Sundaram Finance said in a BSE filing.
The deal is valued at Rs 44.29 crore, it said.
BNP Paribas Sundaram Global Securities Operations Private Limited provides securities services and investment operations solutions to financial intermediaries, institutional investors.
The company offers treasury, cash management, foreign exchange, collateral management, and securities lending solutions.
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