ilandfs

The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) is set to acquire through its group subsidiaries a major stake in India's leading retail brokerage house IL&FS Investsmart Ltd (IIL). The acquisition amounting to 73.21 percent of IIL is awaiting approval from regulatory bodies. HSBC...

ICICI, Kotak, IL&FS pick up stake in MCX Indian Commodity Exchanges continue to excite major financial institutions. On Friday, India's leading financial groups ICICI, IL&FS, Kotak groups acquired 3.55%, 5%, 1% equity stake respectively in Multi Commodity Exchange of India Ltd. (MCX), the...