HSBC sells third Indian bank stake this year
HSBC sold down its entire stake in India’s Federal Bank on Monday night, raising Rs3.41bn ($61.27m). It was the bank’s third stake sale of an Indian lender this year, and the ninth block to come from the financial sector in India throughout 2012.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts