NEW DELHI: Shares of Sundaram Finance climbed over 2 per cent to Rs 1,569 in morning trade on Friday after it said it will acquire BNP Paribas' stake in their two joint ventures (JVs).The non-banking finance company on Thursday said it has reached agreements with its partner BNP Paribas for acquiring stakes held by the latter in their two joint venture companies for a total consideration of around Rs 1,000 crore.Subject to necessary regulatory approvals, the entire 49 per cent equity stake held by BNP Paribas Securities Servies in Sundaram BNP Paribas Fund Services would be acquired for Rs 15 million (Rs 1.5 crore).Similarly, the 49.9 per cent stake of BNP Paribas Personal Finance in Sundaram BNP Paribas Home Finance would be acquired for about Rs 999.66 crore, according to NSE filings by the city-based Sundaram Finance.The acquisitions were subject to approval by the Securities and Exchange Board of India and likely to be completed by next month.Shares of Sundaram Finance traded 2.36 per cent up at Rs 1,569 on BSE around 10:10 am.