Monday, December 10, 2007

Sources of Finance - Stock Broking Companies - India

ET, 13 August 2007, page 19

PE funds invested $270 million in broking companies in the first half of 2007.

In 2006, they invested $202 million.

Citigroup venture Capital along with other entities plan to acquire 85% of sharekhan.
Bessmer and New Vernon urchased a 9.29% stake in Motilal Oswal for $28.10 million.
Millennium India Acquisition company (MIAC) acquired 14.9% in Delhi based SMC group.

PE firms look at retail and institutional volumes, overall presence, distribution network, brand equity among other aspects wile investing a broking firm.

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