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Business Economy


Chennai , June 20 (UNI ) Sundaram Finance Limited (SFL) and BNP Paribas Securities Services
(BNPSS) have reached an agreement whereby BNPSS has agreed to sell its entire 49% equity stake in Sundaram BNP Paribas Fund Services Limited (SBFS) to SFL, subject to all regulatory approvals.
SFL currently holds 51% in the above company and the said acquisition would increase its holding to 100%, thus making the company a wholly owned subsidiary of SFL.
SBFS provides Registrar and Transfer Agency services and other support services to Mutual Funds in India. Currently Sundaram Mutual Fund and BNP Paribas Mutual Fund are its major customers. In
addition SBFS provides back office support to over 25 Private Equity clients in India.
UNI GV 1950
More News

Dumont to set up its ice cream unit in Hyderabad

18 Jul 2019 | 9:10 PM

Hyderabad, Jul 18 (UNI) Dumont, which manufactures frozen desserts, in its factory in Vijayawada in Andhra Pradesh, was planning to set up its another manufacturing facility in Hyderabad of Telangana with an estimated capital of Rs 15 crores within the next year or two, Managing Director Vivek Inampudi said on Thursday.

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Sandra Wijnberg appointed as new independent Director to Cognizant Board

18 Jul 2019 | 7:18 PM

Hyderabad, Jul 18 (UNI) Cognizant, one of the World’s leading professional services companies, on Thursday announced that Ms Sandra Wijnberg has been appointed as a new Independent Director to its Board , with effect from July 16.

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Sensex slumps 318 18 pts on negative global cues

Sensex slumps 318 18 pts on negative global cues

18 Jul 2019 | 7:17 PM

Mumbai, Jul 18 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Thursday declined by 318.

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Rupee loses 11 paise against USD

Rupee loses 11 paise against USD

18 Jul 2019 | 7:15 PM

Mumbai, Jul 18 (UNI) The Rupee on Thursday lost another 11 paise to end negative at 68.

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Roposo launches new 'Padosan' filter

18 Jul 2019 | 7:12 PM

New Delhi, Jul 18 (UNI) Bollywood fans are in for a treat as short video app Roposo has launched new ‘Padosan Filter’. Taking inspiration from the popular Kishore Kumar and RD Burman’s song, the new filter enables its users to relive the track ‘Saamne Vaali Khidhki’ by acting in it, replacing lead actress Saira Banu.

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