The following corporate finance-related stories were reported by media on Thursday: * Billionaire entrepreneur Richard Branson's Virgin Group will exit a marketing joint venture in India with Tata Teleservices, with the latter agreeing to buy out the 50 percent stake that Virgin holds for a undisclosed sum, the Hindu Businessline reported on Thursday. * Finnish insurer Sampo (SAMAS.HE) would buy a maximum 25 percent of Nordic bank Nordea (NDA.ST), though it sees no big push to increase its stake, chairman Bjorn Wahlroos was quoted as saying in an interview with Dagens Industri. * Chinese banks may have to raise about 860 billion yuan ($131 billion) of stock over six years to meet stricter capital rules, Bloomberg News reported.
Source
