Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / Doha Bank shareholders approve India assets buy
BackBack

Doha Bank shareholders approve India assets buy

HSBC Bank Oman had said in April that it had agreed to the sale of its Indian business to Doha Bank

The value for the transaction was reported as about 75 million riyals ($20.6 million) by Qatar-based newspaper ‘Gulf Times’.Premium
The value for the transaction was reported as about 75 million riyals ($20.6 million) by Qatar-based newspaper ‘Gulf Times’.

Dubai: Shareholders of Doha Bank QSC have approved the purchase of the Indian assets of HSBC Bank Oman after an extraordinary meeting, the Qatari bank said in a statement on Monday.

HSBC Bank Oman, an affiliate of HSBC Holdings Plc, said in April it had agreed to the sale of its Indian business to Doha Bank and the Qatari lender’s board authorized the purchase in September.

The value for the transaction was reported as about 75 million riyals ($20.6 million) by Qatar-based newspaper Gulf Times.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 01 Dec 2014, 02:43 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie