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Angel Broking diluting stake to PE investors

Angel BrokingThe trend is catching on. Most of the Indian stock broking players are reducing their dependence on pure broking services to ofeering value-added services.

After Motilal Oswal, Edelweiss, India Infoline, its now Angel Broking which is in talks to sell 20% of its stake to Private Equity investors such as Lehman Brothers, Warburg Pincus and Carlyle Group. Angel intends to raise Rs.200 crore valuing it at Rs.1000 crore.

Angel Broking currently has a 3% market share and intends to scale up its business by opening new branches and launching new products. [via

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Published on July 23, 2007 under Corporate, India Inc.
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