Shares of Sundaram Finance will see market attention on Tuesday, as its board will decide on stake sale in its arm.
The company plans to sell its 49 per cent stake in BNP Paribas Sundaram Global Securities Operations Private Ltd, which provides securities services and investment operations solutions to financial intermediaries, institutional investors in the Asia-Pacific region.
Recently, BNP Paribas announced its acquisition of retail brokerage firm Sharekhan.