morgan-stanley-gets-merchant-bank-status-in-india

Morgan Stanley gets merchant bank status in India

The bank receives the okay to resume domestic advisory and underwriting services following the dissolution of its joint venture. It also makes two senior appointments.
Morgan Stanley has received an Indian merchant banking licence that will allow it to resume onshore investment banking advisory and underwriting services in this fast-growing country where companies are in constant need of capital to finance their expansions, according to a release issued yesterday.

The bankÆs wholly owned securities company, Morgan Stanley India, had to apply for a new license as it previously conducted these businesses through its joint venture with JM Financial Group, which was dissolved in February this year.

In connection with the licence announcement û which had been widely expected - Morgan Stanley said it has appointed Narayan Ramachandran as its chief executive officer and country head for India and will transfer...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222