The Hindu Business Line : Tata Capital, Mizuho Securities to tie up

Mumbai, Feb. 15 Tata Capital, a wholly-owned subsidiary of Tata Sons, and Japan-based Mizuho Securities Co Ltd (MHSC) have reached a “preliminary, non-exclusive understanding’ for a tie-up in private equity, investment banking, broking and related businesses.

The alliance would also cover structured finance and wealth management activities, said a joint statement issued by the companies.

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MHSC is a subsidiary of Mizuho Corporate Bank. Its main focus is the debt and equity related business. It is also active in the investment banking business. Tata Capital is registered with the RBI as a Systematically Important Non Banking Financial Company, and aims to provide financial services in the areas of retail and corporate finance, broking and distribution, private equity, and wealth management.

“We are pleased to explore business opportunities with Mizuho Securities and shall work towards strengthening synergies in our respective business areas. This will enable us to offer our clients sophisticated solutions for their investment and financial needs,” said Mr Praveen P. Kadle, Managing Director, Tata Capital.

“This alliance with Tata Capital will provide significant potential for expansion of businesses in India,” Mr Shigeyoshi Nishiyama, Deputy President, Mizuho Securities, said.

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