Monday, May 19, 2008

HSBC to acquire Indian broker

(MUMBAI) HSBC said last Saturday that it will acquire 73.21 per cent of Indian brokerage IL&FS Investsmart in an all-cash deal for US$261 million to boost its presence in the growing domestic market.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,279793,00.html?

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