Monday, February 18, 2008

Tata Capital Joins Hand With Mizuho Securities

Mumbai: Tata Capital, a wholly-owned subsidiary of Tata Sons, and Japan-based Mizuho Securities Co Ltd (MHSC) have achieved a preliminary, non-exclusive understanding for an alliance in private equity, investment banking, broking and related businesses. The alliance will also cover structured finance and wealth management activities. MHSC is a subsidiary of Mizuho Corporate Bank. Its main concentration is the debt and equity related business. Tata Capital is registered with the RBI as a Systematically Important Non Banking Financial Company, and targets to give financial services in the areas of retail and corporate finance, broking and distribution, private equity, and wealth management.

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