Zerodha Gets Sebi Nod for Merchant Banking Licence, Formal Registration Awaited: Report
9 Articles
9 Articles
Zerodha no longer wants to remain a mere stockbroking company. Sebi's approval of its application for a merchant banking license is a key step in the company's expansion strategy. Upon formal registration, Zerodha will be able to engage in IPOs, FPOs, rights issues, and other fundraising activities.
The Economic Times
Times of IndiaZerodha gets Sebi nod for merchant banking licence, formal registration awaited: Report
Zerodhas merchant banking licence application has received Sebi clearance, enabling its expansion into investment banking after formal registration. The move broadens its financial services portfolio, strengthens its capital markets presence and positions the broker to support companies raising funds through IPOs.
India’s Zerodha Gets Merchant Banking Permit as IPO Market Booms
A unit of Zerodha Broking Ltd., India’s second-largest broker founded by billionaire Nithin Kamath, secured a merchant banking license as the nation’s booming equity capital market draws new entrants seeking a share of record fees.
Zerodha Expands Into Merchant Banking After SEBI Approval
Zerodha is making a significant move by expanding into merchant banking after the Securities and Exchange Board of India (SEBI) approved its application. Sources report that the application was cleared, although formal registration with the regulator is still pending. This expansion marks a noteworthy shift as Zerodha transitions from its traditional broking business into more […] The post Zerodha Expands Into Merchant Banking After SEBI Approva…
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