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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 709.10
Bid: 709.00
Ask: 709.10
Change: 11.60 (1.66%)
Spread: 0.10 (0.014%)
Open: 705.40
High: 709.70
Low: 703.60
Prev. Close: 697.50
HSBA Live PriceLast checked at -

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HSBC in talks to buy L&T mutual fund arm - report

Tue, 31st Aug 2021 12:15

(Sharecast News) - HSBC is in advanced and exclusive talks with L&T Finance Holdings to buy its the Indian firm's mutual fund arm, according to reports on Tuesday.
Blackstone had a bid rejected in 2020 by the Indian Securities and Exchange Board which disapproved of private equity firms having a significant stake in mutual funds owing to their short-term approach.

Given the delay and the additional approvals required, L&T Finance Holdings has been engaged with HSBC about a possible sale of its mutual fund arm, the news website Moneycontrol reported, citing people with direct knowledge of the matter.

HSBC and L&T declined comment, the website added.
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