• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Sept. 30 Reliance Money, a broking and distribution house and part of the Reliance Anil Dhirubhai Ambani Group, on Tuesday announced that it has obtained Category-I Merchant Banking License from SEBI.

This licence allows Reliance Money to provide a wide range of investment banking services such as issue management, underwriting, private equity advisory/syndication and corporate finance services in India.

“We are extremely pleased with this development, as we believe the potential for investment banking in India is huge. While the main focus of the industry has been on large caps, we see a huge opportunity in serving the small and mid-sized segment, currently being under-serviced,” Mr Bandyopadhyay, Director & CEO, Reliance Money, said in a statement here on Tuesday.

The company is eyeing at least 50 fund-raising deals by the end of the fiscal.

“Our expansion into investment banking highlights Reliance Moneys’ broad-based approach in building an integrated, comprehensive global financial services platform in the country,” Mr Bandyopadhyay said.

More Stories on : Financial Services | Investment Banking

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line