Baring, ICICI Venture plan Karvy exit – report
Baring Private Equity Asia and ICICI Venture Funds Management, the private equity arm of India’s ICICI Bank, are reportedly in talks to sell their 31% stake in Karvy Stock Broking (KSBL).
According to Live Mint, investment banks have started talks on a potential sale. Baring and ICICI - the latter via its India Advantage Fund V & VI - jointly picked up a 30.95% stake in KSBL in November...
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