Tata Capital to enter into alliance with Mizuho Securities
Tata Capital on Friday said it would enter into strategic alliance with Mizuho Securities Co of Japan for private equity and investment banking businesses.
By PTI |
NEW DELHI: Tata Capital on Friday said it would enter into strategic alliance with Mizuho Securities Co of Japan for private equity and investment banking businesses.
"Both the company have reached a preliminary non-exclusive understanding to promote an alliance in private equity, investment banking including cross-border mergers and acquisitions, securities business including broking and distribution, structured finance and other business areas such as wealth management," Tata Capital said in a joint statement.
As part of the alliance, Tata Capital will explore business opportunities with Mizuho Securities in the synergistic areas and other related opportunities of cooperation, it said.
"We believe that there is a significant opportunity to create multi-faceted financial service offerings enabling customers to exercise greater flexibility while choosing their financial services partner," said Tata Capital Managing Director Praveen P Kadle.
The alliance will see reinforcing the Indo-Japanese financial corridor subject to relevant regulatory approvals, it said. The strategic pact will also see Tata Capital explore possibilities of drawing upon its partner's reach in private equity business in the future, it added.
"Both the company have reached a preliminary non-exclusive understanding to promote an alliance in private equity, investment banking including cross-border mergers and acquisitions, securities business including broking and distribution, structured finance and other business areas such as wealth management," Tata Capital said in a joint statement.
As part of the alliance, Tata Capital will explore business opportunities with Mizuho Securities in the synergistic areas and other related opportunities of cooperation, it said.
"We believe that there is a significant opportunity to create multi-faceted financial service offerings enabling customers to exercise greater flexibility while choosing their financial services partner," said Tata Capital Managing Director Praveen P Kadle.
The alliance will see reinforcing the Indo-Japanese financial corridor subject to relevant regulatory approvals, it said. The strategic pact will also see Tata Capital explore possibilities of drawing upon its partner's reach in private equity business in the future, it added.
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