Chennai, June 16: Munoth Financial Services plans to focus on helping small and medium size Indian companies to get listed on the overseas market. The company has recently signed a memorandum of understanding with Interlink of USA to tap this market. The merchant banking outfit plans to lend its expertise to Indian companies looking for acquisitions in the US, foriegn firms looking to takeover Indian corporates and domestic subsidiaries of overseas firms wishing to list in India. Munoth will get 75 per cent of the revenues for work executed by it but bagged by Interlink and viceversa.
Jaswant Munoth, managing director, told a press conference here on Friday that the company has applied to SEBI for the status of a "Deemed FII" in order to offer portfolio management services to foriegn nationals. The company expects 50 per cent of its revenues to flow in from portfolio management fees. Munoth plans to expand the paid up capital of the company which presently stands at Rs 5 crores but did not specify the exact means through which this would be achieved.
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