Mumbai: Tata group company Tata Capital on Wednesday said it has entered into an agreement with Japan-based Mitsubishi UFJ Securities for cross-border investment banking, global offering of Indian equities and development of the domestic bond market services.
Both the entities have signed a Memorandum of Understanding (MoU) to this effect, a company statement said.
As per the MoU, Tata Capital and Mitsubishi would help Japanese companies looking to set up shop in India or Indian companies that want to enter Japan under its investment banking division.
“Tata Capital and Mitsubishi would consider collaborating on possible cross border investment banking transactions such as mergers and acquisition advisory and structured finance solutions,” Tata Capital said in the statement.
Both the players would provide “one-stop” securities shop for Japanese and other foreign retail and institutional clients seeking to invest in the Indian equities secondary market.
“The top priority of our global business operations is to enhance our presence in Asian markets, including India. Tata Capital’s know-how on the Indian capital market will help us achieve our strategic goals,” Mitsubishi UFJ Securities Chairman and CEO Yasumasa Gomi said.
Tata and Mitsubishi would collaborate in developing the domestic corporate bond market and look at expanding debt investments from Japan and other countries.
“This MoU is another step towards strengthing our Japanese ties and we are confident that it will benefit both the organisations and the markets and customers we serve,” Tata Capital Managing Director Praveen P Kadle said.
“The exchange of ideas and best practices between Tata Capital and Mitsubishi will be critical as we go about consolidating our business operating models and service offerings to the benefit of our discerning customers,” he said in the release.
Tata Capital is a subsidiary of Tata Sons and offers fund and fee-based businesses in the financial sector.
Japan-based Mitsubhishi UFJ Securities offers securities trading and underwriting, derivative transactions, M&A advisory services and asset securitisation.