SBICAP floats subsidiary for foreign corporates

Mumbai, June 9 (UNI) SBI Capital Markets has floated SBICAP (UK) Ltd, as a wholly owned subsidiary to offer investment banking services to overseas corporates.

Recognising the pick-up in cross border merger and acquisition (M&A) activity, as also increased volumes of fund mobilisation for Indian issuers through foreign currency debt and equities, the State Bank group, through SBICAP, has decided to leverage the opportunity to offer the convenience of this service via SBICAP (UK) Limited.

The new entity will offering services in - M&A, marketing of public offerings, arrangement of foreign currency debt/ equities and others.

UNI AR GK AG1713