Societe Generale grows India presence through acquisition
Societe Generale announces acquisition of a 75% stake of Indian financing and leasing company.
Societe Generale announced on July 5 that it had, in partnership with Indian business family, the Burmans, acquired a 75% stake in Apeejay Finance, an Indian financing and leasing company. The promoters of Apeejay Finance, the Apeejay Surendra group continue to hold 25% of the unlisted finance company.
Jean-Francois Gauthier, head of specialised financial services comments ôThe acquisition of Apeejay Finance allows us to set foot on the fast growing Indian consumer credit market. Building on the strengths of Apeejay...
To continue reading, please login or register for free