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HSBC gains big from Investsmart's retail brokerage biz

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  • Published On: May 20, 2008
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Retail rules even in the stock markets no matter how volatile the situation currently is. HSBC's acquisition of Infrastructure Leasing and Financial Services Ltd (IL&FS), a dominated retail brokerage of India, is a clear indication that top foreign brokerages who till now were gunning for the institutional business from the smart and savvy fund managers, now wants to target the Indian retail investors.
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