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14th March 2016, 04:48 PM
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Join Date: May 2012
Re: Standard Chartered Uti Securities

British banking mammoth Standard Chartered Bank has finished the obtaining of a 100 for each penny stake in UTI Securities from Stock Trading Corporation ( STCI) for around Rs 300 crore and declared it will be contributing an extra Rs 200 crore for developing the business.

Stanchart had purchased a 49 for each penny stake in the organization offering retail and institutional broking administrations in August 2007 which was raised to 74.9 for each penny in December 2008 and now procured 100 for each penny.

"This speculation is pivotal for the Group as it signs passage into securities broking and I am happy it initiates with India. I see extraordinary potential for this business through this vital association."

This speculation underlines Standard Chartered's dedication to develop in India. The Bank is charmed at this chance of cooperating with STCI in developing UTI Securities. The organization has a decent establishment and an expert administration group."

The organization will empower Standard Chartered to expand its item offering in Wealth Management and Private Banking inside of India, and the non-occupant Indian (NRI) item portfolio in the foot shaped impression nations.

Standard Chartered as a key financial specialist in UTI Securities is a reward and with its long reputation in India, a huge customer base and broad abroad vicinity will enhance UTI Securities.


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