The private equity arm of India’s ICICI Bank and Baring Private Equity Asia are reported to have entered talks with investment banks to sell their minority stake in Karvy Stock Broking Limited (KSBL), the broker owned by financial services firm Karvy Group.
Livemint reported the news on Monday, citing unnamed sources.
KSBL – one of the largest broking and financial services houses in India – specialises equity broking, depository operations, distribution of financial products, advisory services and wealth management services to private clients.
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