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South Korea's Mirae Asset Securities seeks Indian clearance to acquire BNP Paribas's local brokerage

By Freny Patel ( January 30, 2024, 22:52 GMT | Insight) -- Mirae Asset Securities, South Korea's largest securities company, has sought approval from the Indian competition watchdog to acquire the domestic retail brokerage company Sharekhan from the French bank BNP Paribas. Despite the horizontal and vertical overlaps, the parties told the Competition Commission of India that the proposed transaction doesn't raise any competition concerns nor would it cause any appreciable adverse effect on local competition. South Korea’s largest securities company, Mirae Asset Securities, has sought approval from the Indian competition watchdog to acquire the domestic retail brokerage company Sharekhan from the French bank BNP Paribas....

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