Content area
Full Text
Santa Clara, Calif.-based Silicon Valley Bank is selling all of the outstanding capital stock of SVB India Finance Private Ltd., its non-banking financial company in India, to Temasek, a Singapore investment company, according to a Form 8-K filed Jan. 16 by SVB Financial Group.
Based on SVB India Finance's balance sheet as of Sept. 30, 2014, the total sale price is about INR 2.8 billion, or approximately $46.4 million -- calculated based on the currency exchange rate as of Dec. 31, 2014. The total sale price is equal to the sum of SVB India...