Multiple choice

Which of the following acquired Belgium based KBL European Private Bankers for $1.69 billion?

  1. A V Birla Group

  2. Avantha Group

  3. Hinduja Group

  4. Murugappa Group

  5. ICICI Bank
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Hinduja group has acquired the Brussels-based KBC group's dedicated private banking subsidiary, KBL European Private Bankers (KBL epb), for $1.69 billion. The Hinduja group already owns Hinduja Bank Switzerland, a private bank active across Europe, the Middle East and India. In India, the Hinduja group is the promoter of Induslnd Bank, conceived by SP Hinduja, the Chairman.

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