Centre clears BNP Paribas' ₹2k cr acquisition of Sharekhan
Based on the recommendations of the Foreign Investment Promotion Board, the Centre has approved French financial services firm BNP Paribas’ proposed ₹2,060 crore acquisition of retail brokerage firm Sharekhan. Further, three other Foreign Direct Investment proposals also got the Centre's nod. These included a proposal by IBM India to merge its wholly owned subsidiaries.