BNP Paribas acquires control of Sharekhan

Geojit BNP Paribas Financial Services Ltd has said that BNP Paribas S A, notified the Company that they acquired control of Sharekhan Limited on November 23, 2016.

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Geojit BNP Paribas Financial Services Ltd has said that BNP Paribas S A, notified the Company that they acquired control of Sharekhan Limited on November 23, 2016.

BNP Paribas acquires control of Sharekhan
Consequent to this acquisition, Ms. Franciska Decuypere and Mr. Jean Philippe Huguet nominees of BNP Paribas S A, resigned from the Board of Directors of the Company effective close of business hours of November 25, 2016 and November 23, 2016 respectively.

The resignation is in accordance to the terms of Restated Shareholders Agreement entered between the Company, BNP Paribas S A, its affiliate and the initial promoters of the Company dated January 22, 2016.

Meanwhile, shares of the company were trading at Rs 37.20 apiece, up 0.00 per cent from the previous close at 09:44 hours on BSE.

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