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Sundaram Finance may exit JV with BNP Paribas

Sundaram Finance may divest its 49% stake in BNP Paribas Sundaram Global Securities Operations. The company’s board is likely to take a decision in this regard soon. BNP Paribas Sundaram Global Securities Operations provides securities services and investment operations solutions to financial intermediaries, institutional investors in Asia Pacific region. The company offers treasury, cash management, foreign exchange, collateral management, and securities lending solutions. It operates as a subsidiary of BNP Paribas Securities Services.

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