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Rediff.com  » Business » SBI buys bank in Mauritius

SBI buys bank in Mauritius

February 03, 2005 19:17 IST
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State Bank of India has finalised an agreement with the principal shareholders of Indian Ocean International Bank, Mauritius for acquisition of over 51 per cent equity of IOIB along with management control.

This was announced in a release issued to the Bombay Stock Exchange on Thursday.

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