Federal Bank acquires 26% stake in Equirus Capital

By: |
Kochi | Published: February 23, 2018 4:09:15 AM

Kerala-based Federal Bank on Thursday announced that it would acquire a strategic minority stake of 26% in Equirus Capital (ECPL), subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence.

Federal Bank, Kerala, Equirus Capital, Structure Finance, Debt & Equity Capital Markets, Capital Market products and AdvisoryCommenting on the investment, Ganesh Sankaran, executive director, Federal Bank said, “This partnership will serve as a natural complement to our strong origination capabilities and deep client relationships in addition to positioning us as a ‘Universal Financial Services Provider’. (Reuters)

Kerala-based Federal Bank on Thursday announced that it would acquire a strategic minority stake of 26% in Equirus Capital (ECPL), subject to statutory and regulatory approvals and satisfactory completion of financial and legal due diligence. Equirus Capital is a closely held unlisted investment banking firm which has done more than 135 transactions across M&A, PE, IPOs, QIPs and Structure Finance raising more than $3.2 billion in the process. Bank officials said that the investment rationale has been driven by the need to increase the product offerings to a spectrum of wholesale clients by offering comprehensive financial solutions for Debt & Equity Capital Markets, Structured Finance, Capital Market products and Advisory.

Commenting on the investment, Ganesh Sankaran, executive director, Federal Bank said, “This partnership will serve as a natural complement to our strong origination capabilities and deep client relationships in addition to positioning us as a ‘Universal Financial Services Provider’.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition