Business Daily from THE HINDU group of publications Wednesday, Jul 09, 2008 ePaper | Mobile/PDA Version | Audio |
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Markets
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Financial Services
Mr Kiran V. Patel (left), Chairman, KZen Equities with Mr John Moore, Managing Director and Chief Executive Officer, at a press conference held in Mumbai on Tuesday. — Our Bureau Mumbai, July 8 KZen Equities launches its investment advisory operations in the country today which will offer its clients (high networth individuals and entrepreneurs) the opportunity to invest in early stage investment opportunities (mid-cap and small-cap) overseas. KZen equities will offer their clients investment opportunities within the RBI permitted limit of $ 2 lakh in overseas assets. The minimum ticket size for the investment is Rs 5 lakh and the company expects to get 300-500 clients in the first year of its operations. “Our focus is to enable Indian investors to diversify their portfolios globally. Although the RBI regulations have permitted overseas equity investments for sometime, actual investments have not really picked up due to lack of India-based service providers in this area,” said the Chairman of KZen Equities, Mr Kiran V. Patel. personalised serviceThe company will offer its clients personalised service by advising them on direct investment in individual, foreign, high-growth SME companies and by offering investments in offshore mutual funds. To protect the interest of its clients their cash and orders will be routed through professional, regulated intermediaries around the world. “Our clients would benefit from our access to international networks to source early stage investment opportunities. We continue to work with senior executives of investee companies to help create shareholder value and advice on various exit strategies,” said Mr Rahul Patel, Managing Partner and CIO, KZen Equities. More Stories on : Financial Services
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