BNP Paribas, SREI form Indian leasing venture

Newswire

PARIS, May 31 (Reuters) - France's biggest listed bank BNP Paribas and Indian company SREI Infrastructure Finance Ltd have agreed to form a 50/50 joint-venture to focus on the equipment finance sector in India, they said on Thursday. BNP Paribas said its BNP Paribas Lease Group unit would invest 7.75 billion Indian rupees ($191.3 million) in the venture. It said the sum represented the equivalent of around 141 million euros. BNP Paribas has gradually been strengthening its presence in ...

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