Wednesday, January 9, 2008

Mefcom Capital Acquires 5% Strategic Stake In Jaipur Stock Exchange

Mefcom Capital Markets Ltd has informed that the Company has acquired 5% strategic stake in Jaipur stock Exchange in its recent process of demutualization where the Company had also acted as the sole Lead Managers. The Company proposes to play an active role in future course of developments at Jaipur Stock Exchange.

Further the management is taking number of steps in every area of its business. Mefcom Capital Markets Ltd (MCM), besides being the group holding Company, is duly approved by SEBI as Category I Merchant Bankers and Portfolio Managers. It has two main subsidiaries - one for Brokerage business and the other for Real Estate development. Mefcom Securities Ltd. (MSL) is the subsidiary of MCM to extend brokerage, trading and distribution services in equities and derivatives. MSL has a subsidiary called Mefcom Commodity Brokers Ltd. (MCBL) which extends brokerage, advisory and trading services in currency and commodities futures. The subsidiary for real estate business is Mefcom Infrastructure Projects Ltd. which has not yet commenced its activities.

All 3 divisions of Mefcom Brokerage & Distribution, Merchant Banking and Portf

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