Sponsor Broking is in talks with Citigroup Speculate Chapiter International (CVCI) and other shareholders of Sharekhan to buy a number part in the brokerage. CVCL holds a 63% wager in Sharekhan. The lay is held by Baring Privy Justness Assemblage (12%), IDFC (10%) and the management and employees (15%).
If the flock materialises, Patron gift love to pay at small Rs 800-1,000 crore for a 51% bet, valuing the brokerage at Rs 1,500-2,000 crore. The concerted entity testament acquire 6,675 company-owned branches and franchises and 1.8 million customers. (Line Value)Ajay Piramal, one of India's top industrialists, has struck a deal with Religare Enterprises to cozen 80% of his stakes in holding fund Indiareit Money Advisors to taper his group's focalize on existent cell the remaining wager. (Efficient Present)
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