Tata Capital to provide full spectrum merchant banking services

Tata Capital Markets Limited (TCML), a wholly owned subsidiary of Tata Capital Limited, today said it would commence providing full spectrum of merchant banking services. The company has a category I merchant banking license from the Securities and Exchange Board of India.

Tata Capital Limited is a wholly-owned subsidiary of Tata Sons Limited, the apex holding company of the Tata Group, and is registered with the Reserve Bank of India as a 'systemically important non banking financial company'

The company said that it would provide services to its retail and institutional customers through six broad areas of business, - retail finance, corporate finance, distribution and broking, capital markets, private equity and wealth management either directly or through subsidiaries. 

''This decisive stance to enter into merchant banking services exemplifies our firm commitment to emerge as a holistic provider of financial services," said Praveen Kadle, managing director, Tata Capital Limited. "Our multi-disciplinary offerings model is indeed innovative in the sense that each vertical compliments our abilities to cater to very diverse needs of retail and institutional customers. For example, TCML will leverage the distribution network of Tata Securities Limited, another wholly-owned subsidiary of Tata Capital Limited, for retail and institutional placement activities.''

TCML will operate as a full-service merchant bank, encompassing Issue Management Services; Qualified Institutional Placements; Corporate Advisory Services; and Loan Syndication.

''With 98 operating companies, across seven major business sectors, the Tata Group renders us a unique advantage of being able to benefit from the knowledge and the network of the Group as we embark on establishing our merchant banking business,'' Kadle.