March 2007
M T W T F S S
« Feb   Apr »
 1234
567891011
12131415161718
19202122232425
262728293031  

Contact us

Raymond James to buy out Indian partner

U.S. brokerage Raymond James Financial Inc. was looking to buy out the stake of its Indian partner, ASK Investment Financial Consultants, the DNA newspaper reported on Wednesday, citing an unnamed company official.

“You can expect an announcement in the next 10 days,” the official told the paper.

The report did not say how much Raymond James would pay for ASK Investment's 50 percent stake in 12-year old venture.

Competition in India's investment banking market has heated up dramatically, and foreign securities houses are now scrapping joint ventures to chase deals by themselves.

Source : Reuters

Comments are closed.