Birla Capital & Financial Services Ltd., a BSE-listed entity and part of Yash Birla Group’s conglomerate, has been granted a merchant-banking licence by the Securities and Exchange Board of India (SEBI).
The license will enable the company to offer on-shore investment banking advisory and underwriting services in the Indian market, a company statement said.
The company is part of the Rs 3,000-crore Yash Birla Group which has interest in auto & engineering, textiles & chemicals and power & electricals to emerging sectors like wellness & lifestyle, education & IT.
