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 ├┤The acquisition of Apeejay Finance allows us to set foot on the fast growing Indian consumer credit market. Building on the strengths of Apeejay...

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