MUMBAI, FEB 8:
Geojit BNP Paribas Financial Services has announced the exit of Paris-based BNP Paribas from the board following the latter’s 100 per cent acquisition in stock broking firm Sharekhan in November. However, BNP will remain in the company as a financial investor, AP Kurian, Chairman of the company, said in a press conference here.

As a result of BNP's exit as its business partner, Geojit has renamed itself as Geojit Financial Services and also changed its logo. The company has already taken required approvals for the change. On being asked whether the company plans to buy back BNP’s stake or look for a new tie-up, C J George, Managing Director, denied comment on any such plans.

As on December 31, BNP held 32.59 per cent stake in the company. BNP became the single ... Read more »

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