Demand is slowing down, addressable market of various businesses are shrinking, competition has intensified, business sentiments are low, world’s biggest economies are in recession and market valuations are at historic lows—seriously, the time has come to witness history’s biggest consolidation phase. We intend to re-start our blog to track the M&A and PE related events in India and in the world which will have likely impact on India. Keep visiting.
Monday, May 28, 2007
StanChart close to buying stake in UTI securities
Yet another bank trying to buy into the Indian booming brokerage business. Standard Chartered Plc is in talks to buy 49% stake in UTI securities.
This would help StanChart to service their private banking clients by offering stock brokerage.
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