T T Srinivasaraghavan, Managing Director, Sundaram Finance Ltd <b> You Tube <b>
Sundaram Finance Ltd (SFL) has entered into an agreement to acquire the stakes of its partner BNP Paribas in Sundaram BNP Paribas Home Finance Limited (SBPHFL) and Sundaram BNP Paribas Fund Services Ltd (SBFS) for a consideration of over Rs 1,000 crore.
According to a company announcement, Sundaram Finance Limited (SFL) and BNP Paribas Personal Finance have reached an agreement whereby BNP Paribas Personal Finance has agreed to sell its entire 49.9 per cent equity stake in SBPHFL to SFL, subject to all regulatory approvals. SFL currently holds 50.1 per cent in the home finance company and the acquisition would increase its holding to 100 per cent, making the company a wholly owned subsidiary of SFL. The acquisition is expected to
First Published: Jun 20 2019 | 7:19 PM IST