Indian regulator rejects BNP Paribas’ proposal to acquire PE-backed Sharekhan

Indian regulator rejects BNP Paribas’ proposal to acquire PE-backed Sharekhan

Visual from Sharekhan website

Nearly a year after French bank BNP Paribas SA agreed to acquire local brokerage firm Sharekhan Ltd, the Foreign Investment Promotion Board (FIPB) on Tuesday rejected the proposal.

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