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Our Bureau

Mumbai, Oct. 9 Almondz Global Securities Ltd (AGSL), a financial services company, has tied up with Noble group, an investment bank in UK, to explore cross border business opportunities.

One of the areas to be tapped is to help Indian companies to raise funds overseas, including listing on the London Stock Exchange’s Alternative Market.

The companies would also be launching a fund overseas to invest in infrastructure sector in India.

Addressing a press conference, Mr Vinay Mehta, MD & CEO, AGSL, said that the companies have signed a Memorandum of Understanding.

The main areas which the MoU covers include setting up a foreign institutional investor desk in London and Mumbai, starting primary equity operations, and establishing a fund through which principal investments will be made by Almondz and Noble Group in India.

The MoU was signed by Mr Vinay Mehta and Mr James C. Bromhead, Partner, Head of Broking & Distribution, Noble Group.

The fund being raised will be managed by Noble Group, whereas Almondz will act as advisory to the fund.

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