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Mangalore, Feb. 27

SHCIL Services Ltd opened its branch office in Mangalore on Tuesday. A press release said here that the company was formed at the initiative of Stock Holding Corporation of India Ltd (SHCIL) to promote broking and other financial services for the benefit of clients of SHCIL and other institutional and retail clients.

SSL, which launched retail broking in June last year, is operating from over 140 locations in India through the offices of SHCIL. The branch office of SSL in Mangalore will provide broking services to investors and clients of any depository participant. Mr R. Jayaraman Iyer, Chairman and Managing Director of SHCIL, Mr Ramanathan, Chief Executive Officer of SSL, and Capt J.P. Menezes, President of Kanara Chamber of Commerce and Industry, were present at the inaugural ceremony.

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