Date:16/11/2007 URL: http://www.thehindu.com/2007/11/16/stories/2007111656371900.htm

Business - Briefly

Karvy to divest stake

HYDERABAD: Karvy, a leading integrated financial services enterprises, announced here on Thursday that it was divesting 25 per cent of the Karvy Stock Broking Ltd (KSBL) for “about Rs. 500 crore.” The stake would be picked up by ICICI Ventures through one of its funds and an affiliate of Baring Private Equity Asia.