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Execution of exclusive strategic alliance for Indian - Japan cross border M&A Advisory Services(1/1)
December 13, 2012
Sumitomo Mitsui Banking Corporation
SMBC Nikko Securities Inc.
Execution
of exclusive strategic alliance for Indian –
Tokyo, December 13, 2012 --- Sumitomo Mitsui Banking Corporation (“SMBC”, President : Takeshi Kunibe), SMBC Nikko Securities (“Nikko”, President : Eiji Watanabe) and Kotak Mahindra group (“Kotak”), a leading financial services conglomerate in India, through Kotak Mahindra Capital Company Limited(*1), a subsidiary of Kotak Mahindra Bank Limited and one of India’s leading investment banks, have reached and executed an exclusive strategic alliance to deliver cross-border M&A advisory services to Indian and Japanese companies.
Against a backdrop of continuing economic
growth in
(*1)Ranked No. 1 among Indian investment banks in terms of the number of transactions advised during January 2009 to October 2012 period.
Overview of Kotak Mahindra group
Establishment (year) |
: 1985 (Founded as a non-banking institution and obtained banking license in 2003) |
Registered Head Office address |
: 36-38A, Nariman Bhavan, 227 Nariman Point, Mumbai - 400 001, India |
Network |
: 2,081 branches and offices** |
No. of employees |
: Over 22,600** |
Consolidated total assets |
: US$ 18.7 billion (approx.)** |
Group CAR |
: 17.2 % (including profit) |
** As of September 30, 2012
For more information, please visit the company’s website at http://www.kotak.com