Question
Which bankĀ is planning to rope in a strategic investor
for its credit card subsidiary by divesting 49 per cent stake?Solution
Bank of Baroda (BoB) is planning to rope in a strategic investor for its credit card subsidiary, BOB Financial Solutions (BFSL), by divesting 49 per cent stake. At present, BoB holds 100 per cent in the entity. Capital market firm ICICI Securities is advisor for the deal.
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