PRINCIPAL FINANCIAL TO BUY IDBI'S STAKE IN ASSET MGMT COMPANY. (25-JUN-03) AsiaPulse News

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PRINCIPAL FINANCIAL TO BUY IDBI'S STAKE IN ASSET MGMT COMPANY.

Publication: AsiaPulse News

Publication Date: 25-JUN-03

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MUMBAI, June 25 Asia Pulse - Principal Financial Group (Mauritius) Ltd has reached an agreement with Industrial Development Bank of India (BSE:IDBI) to purchase the latter's 50 per cent stake in IDBI-Principal Asset Management Company Ltd for about US$20 million.

This agreement gives the Principal Financial Group a 100...

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