Announced
Completed
Financials
Sources
Tags
brokerage
India
Diversified Financials
Acquisition
Cross Border
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
Mirae Asset Group, an investment banking and stock brokerage company, completed the acquisition of Sharekhan, an Indian retail brokerage full-service brokerage firm, from BNP Paribas, a French multinational universal bank and financial services holding company, for $370m. "With the acquisition of Sharekhan, Mirae Asset Securities has seized the opportunity to predominate the brokerage business in India, which will show long-term growth. We plan to create synergy with Mirae Asset Global Investments, the only foreign asset manager in India,” Mirae Asset Group.
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