BNP Paribas to acquire Sharekhan BNP Paribas has announced that an agree ment has been reached with the compa ny's shareholders for BNP Paribas SA to acquire 100% of
Sharekhan.
Based in Mumbai, Sharekhan offers broking solutions across all asset classes to more than 1.2 million private clients. With 7% market share in terms of number of accounts, Sharekhan is the first independent and third retail brokerage firm in India. BNP Paribas has been present in India for over 150 years and offers solutions to its clients through its corporate and institutional banking and international financial services activities. Sharekhan will join BNP Paribas' Personal Investors division, which is a key player in retail brokerage and digital banking services with 1.7 million clients in Europe. The completion of the transaction is subject to regulatory approvals
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