Sundaram Finance has completed the acquisition of BNP Paribas Asset Management France's 49.9 per cent holding in two of its joint ventures, giving the Indian financial services firm 100 per cent ownership of both.

The plan to acquire BNP's stake in Sundaram BNP Paribas Asset Management and Sundaram BNP Paribas Trustee was first announced in June this year. In a previous statement, Sundaram had assured that the sale would have no impact on their other three joint ventures, namely, Sundaram BNP Paribas Home Finance, Sundaram BNP Paribas Fund Services, and BNP Paribas Sundaram Global Securities Operations.

The purchase is worth Rs141.48 crores ($31.84 million).