Sundaram Finance to acquire subsidiary

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NP Paribas Personal Finance has agreed to sell its entire 49.9% stake in mortgage lender Sundaram BNP Paribas Home Finance Limited to its partner Sundaram Finance Limited (SFL), for Rs 999.67 crore.

This sale comes amid BNP Paribas Personal Finance decision to exit housing finance business in the retail sector.

The acquisition will make the housing finance company a wholly owned

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