BNP Paribas Re20 billion acquisition of Sharekhan

Overview:

• BNP Paribas has acquired Sharekhan for Re20 billion.
• Sharekhan is a retail brokerage firm with 1.4 million clients.
• Sharekhan will become part of the bank's digital banking and investment services business.
• The deal was originally blocked by the Foreign Investment Promotion Board (FIPB) but eventually approved in October 2016.

Katrin Kostadinova - Data analyst