Societe Generale to shut India equities research desk

Societe Generale, France’s second-biggest bank by market value, will shut its equities research desk in India as part of the bank’s internal reorganisation, a spokeswoman said on Thursday.

The Mumbai-based India equities research desk employed four people, she said, and they were all offered the option to relocate to Bangalore to join the bank’s offshore equities research operations.

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