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SEBI asks HSBC not to make open UTI offer
Mumbai, Feb 04: The Securities and Exchange Board of India has directed HSBC Holdings not to proceed with its proposal to buy an additional 20 per cent stake in UTI Bank, the National Stock Exchange said on Wednesday.
Mumbai, Feb 04: The Securities and Exchange Board of India has directed HSBC Holdings not to proceed with its proposal to buy an additional 20 per cent stake in UTI Bank, the National Stock Exchange said on Wednesday.
In early December, HSBC Asia-Pacific Holdings (UK) said it would buy a 14.71 per cent stake in the Indian bank with an option to buy another 5.37 per cent later.
Bureau Report
In early December, HSBC Asia-Pacific Holdings (UK) said it would buy a 14.71 per cent stake in the Indian bank with an option to buy another 5.37 per cent later.
Bureau Report