Singapore-based DBS Financial institution stated on Saturday that experiences claiming that it’ll purchase a controlling stake in Sure Financial institution had been false.
“The rumours of DBS buying a stake in Sure Financial institution are unfounded and baseless,” a DBS spokesperson informed information company IANS.
In the meantime, Sure Financial institution additionally confirmed that the DBS acquisition experiences had been false.
Earlier, Sure Financial institution in an alternate submitting stated that the financial institution had acquired sturdy curiosity from a number of overseas in addition to home non-public fairness and strategic buyers.
The lender stated that it has now acquired a binding supply from a worldwide investor for an funding of $1.2 billion within the financial institution by means of recent issuance of fairness shares, topic to regulatory approvals and situations in addition to the financial institution’s board and shareholders’ approvals.
(Aside from the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)
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