The Hindu Business Line : Rabo India starts merchant banking

RABO India Securities, a wholly owned subsidiary of Rabo India Finance, started its merchant banking activities with an initial capital investment of Rs 5.5 crore, said a press release.

Rabo India Securities (RIS) will offer investment banking products such as advice on transactions ranging from capital structure to maximisation of shareholder value and protection against takeovers.

The licence also allows RIS to execute open offers on behalf of clients and to participate in the capital raising. It also plans to introduce products relating tomergers and acquisitions, initial public offers and bond offerings, in addition to expanding services such as underwriting of securities. Mr Sanjiv Bhasin, Managing Director and Chief Executive Officer for RIF, was quoted as saying, "Obtaining the merchant banking licence enhances our ability to provide a comprehensive customised range of products and services to prospective and existing wholesale clients."

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