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Bank Muscat to exit stake in Indian securities firm

Dubai, November 10, 2013

Bank Muscat plans to exit its 45.7 per cent stake in an Indian securities firm, Oman's top lender said in a statement on Sunday.

The bank is considering various exit options for its stake in Mangal Keshav Securities, including a share buyback, the bank said, adding that it had received approval from its board for the planned move. - Reuters




Tags: Muscat | Stake | Bank | Securities | Indian | firm | exit |

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