| Log in

Karvy Computershare To Buy Majority Stake In Bahrain's BSRC

17 April, 2014

Karvy Computershare Private Limited, the 50:50 joint venture between Karvy and Australia’s Computershare, have entered into a definitive agreement with KPMG Fakhro to acquire a majority stake in its affiliate, Bahrain Shares Registering Company WLL, for an undisclosed sum, the company said on Tuesday.

The acquisition is part of Karvy Computershare’s Middle East expansion strategy enabling the extension of its investor services through state-of-the-art technology, operating management practices and quality standards, offer securities services to customers of BSRC and the entire region, it added.

“This acquisition would help us create a path-breaking process for servicing investors in the (West Asia) region,” the company’s CEO, V Ganesh said.

The 35-year-old BSRC is the largest player in the securities registry business in Bahrain, serving 90 per cent of listed companies in Bahrain.

Karvy Computershare provides registrar services to mutual funds and corporates across India, servicing 67 million investors across 500 corporate and 29 mutual funds at nearly 500 locations.

Computershare is known for its expertise in data management, high volume transaction processing, payments and stakeholder engagement.

The company specializes in corporate trust services, tax voucher solutions, bankruptcy administration and a range of other diversified financial and governance services.


Leave Your Comment
General Atlantic picks up majority stake in Karvy Computershare

General Atlantic picks up majority stake in Karvy Computershare

Ranjani R 3 months ago
US-headquartered private equity firm General Atlantic LLC has picked up a...
Exclusive: Karvy nears deal to sell NBFC unit

Exclusive: Karvy nears deal to sell NBFC unit

Ranjani R 1 month ago
Financial services group Karvy is all set to wrap up the sale of its non-banking...
Karvy Financial in talks to raise close to $100M from PE firms

Karvy Financial in talks to raise close to $100M from PE firms

Anuradha Verma 3 years ago
Non-banking finance company Karvy Financial Services Ltd is mulling to raise...
No Comments

Karvy Computershare To Buy Majority Stake In Bahrain's BSRC

Powered by WordPress.com VIP