Almondz ties up with UK’s Noble Group
Almondz Global Securities (AGSL) on Tuesday said that it has entered into a strategic tie-up with the Noble Group to jointly undertake financial services in India and pursue cross-border business opportunities
By TNN |
MUMBAI: Almondz Global Securities (AGSL) on Tuesday said that it has entered into a strategic tie-up with the Noble Group, a UK-based independent investment bank, to jointly undertake financial services in India and pursue cross-border business opportunities.
According to the memorandum of understanding (MoU) between the two parties, a foreign institutional investor (FII) desk is being set up in London and Mumbai. The two parties also plan to start primary equity operations and raise fund to make investments in India. The MoU was inked by Vinay Mehta, MD & CEO, AGSL and James Bromhead, partner and head of broking and distribution, Noble Group.
Through the FII desk, the securities listed in India and UK will be sold to institutional investors in the two countries. Almondz and Noble Group will also work together to develop a strategy for Indian companies willing to seek listing on foreign stock exchanges by offering instruments such as ADR/GDR.
A private equity fund is being set up to make investments in infrastructure-related projects, natural resources and energy services.
According to the memorandum of understanding (MoU) between the two parties, a foreign institutional investor (FII) desk is being set up in London and Mumbai. The two parties also plan to start primary equity operations and raise fund to make investments in India. The MoU was inked by Vinay Mehta, MD & CEO, AGSL and James Bromhead, partner and head of broking and distribution, Noble Group.
Through the FII desk, the securities listed in India and UK will be sold to institutional investors in the two countries. Almondz and Noble Group will also work together to develop a strategy for Indian companies willing to seek listing on foreign stock exchanges by offering instruments such as ADR/GDR.
A private equity fund is being set up to make investments in infrastructure-related projects, natural resources and energy services.
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