Icelandic bank Kaupthing said on Monday it had inked a deal to buy 20 percent of Indian investment services firm FiNoble Advisors Private Ltd.
The purchase price was not disclosed. Kaupthing said in a statement it had an option to buy the remaining 80 percent in the New Delhi-based firm, which has 25 employees, in five years.
FiNoble mainly advises Indian firms on acquisitions in Europe and the United States and foreign firms entering the Indian market, Kaupthing said.
Source : Reuters