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HSBC to buy majority in Indian broker

 
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Ecclesiastes
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Joined: 01 Jan 1970
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PostPosted: Sat May 17, 2008 7:06 pm    Post subject: HSBC to buy majority in Indian broker Reply with quote
MUMBAI (Reuters) - HSBC said on Saturday it will acquire 73.21 percent of Indian brokerage IL&FS Investsmart in an all-cash deal for $261 million (133.3 million pounds) to boost its presence in the growing domestic market.

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