Friday, February 15, 2008

Tata Capital forms alliance with Japanese securities major

Tata Capital and Japanese brokerage giant Mizuho Securities Co (MHSC) will work together in private equity and investment banking including cross-border mergers, acquisitions and securities business, a Tata company statement said here Friday.
As a part of the alliance, Tata Capital - a wholly owned subsidiary of Tata Sons Ltd, which is the apex holding company of the Tata Group - in its statement said the firm is also exploring the possibilities of drawing upon MHSC's reach for its private equity business in future.

The statement mentions that the alliance, subject to relevant regulatory considerations and approvals, will reinforce the Indo-Japanese financial corridor.
In the release, Praveen P. Kadle, managing director of Tata Capital, said the alliance would reinforce Tata Capital's abilities to capitalise on opportunities available in the financial services domain.
Shigeyoshi Nishiyama, deputy president of MHSC, said: "MHSC and its parent company Mizuho Corporate Bank Ltd (MHCB) attach strategic importance to India - an important business destination in Asia. This alliance with Tata Capital will provide significant potential for expansion of businesses in India."
Indo-Asian News Service

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