Tata Capital ties up with Mitsubishi UFJ

13 August 2008

Mumbai: Tata Capital, the financial services and investment arm of Tata Sons, has signed a memorandum of understanding with Mitsubishi UFJ Securities Co (MUS) for investment banking, global equity offerings and other services. The companies have not disclosed financial details of the agreement.

The agreement would reinforce Tata Capital's presence in the Japanese markets and establish a basis of cooperation in a wide range of strategic business areas that include cross-border investment banking, global offering of Indian equities and working towards development of the local bond market and  thereby augment the Indo-Japanese Financial corridor, the company said in a release.

The two companies would consider collaborating on possible cross-border investment banking transactions, encompassing activities such as mergers and acquisition advisory, structured finance solutions, including financing through Japanese and other equity and debt capital markets for clients seeking to tap international markets, the release said.

These transactions could either be inbound, i.e. Japanese entities seeking to establish an Indian foothold, or outbound, i.e. Indian entities seeking to invest in Japanese companies or technology for synergistic or business expansion considerations, it added. 

Tata Capital and MUS proposes to deploying their combined expertise towards providing a 'one-stop' securities shop for Japanese and other foreign retail and institutional clients seeking to invest in the Indian equities secondary market. The two would also explore other technology related initiatives such as a mobile / online trading platform.

The two companies would also consider collaborating in developing the Indian domestic corporate bond market and would also discuss possibilities for expanding debt investments from Japan and other countries, the release added.