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IDFC buys 33% promoter stake in SSKI: Sources

Published on Fri, Apr 27, 2007 at 20:00 |  Source : Moneycontrol.com

Updated at Fri, Apr 27, 2007 at 21:30  

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IDFC buys 33% promoter stake in SSKI: Sources

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CNBC-TV18 has learnt that IDFC has bought promoter's 33% stake in SSKI. With this purchase IDFC's stake goes up to 66%.

 

Sources said that JM Financial is in talks with IDFC to form a consolidated financial intermediary.

 

JM Financial will be the majority partner in the venture, followed by IDFC and SSKI employees.

  

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