Sundaram Finance is planning to sell its 49% stake in BNP Paribas Sundaram Global Securities Operations. In this regard, the company has called for the board of directors' meeting on August 4, 2015.
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.
Sundaram Finance is one of the oldest and largest providers of finance for the acquisition of commercial vehicles of all makes. The commercial vehicle finance provided by it helps the small operators to acquire vehicles with minimum hassle and documentation.
