SBI Caps in business pact with two Japanese entities

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Investment bank SBI Capital Markets today signed a business alliance agreement with Japan's Mizuho Bank and Mizuho Securities.

The pact relates to promotion of products and knowledge- sharing in areas of syndicate loans, project finance and debt capital markets.

The alliance will also help them to exchange expertise in equity capital markets, mergers and acquisitions advisory and private equity advisory, SBICaps said in a statement here.

Commenting on the tie-up, SBI Caps Managing Director and Chief Executive V G Kannan said, "the strategic alliance among the three institutions is a significant step towards synergising their strengths and supporting growing India-Japan relationship."

Mizuho Bank Managing Executive Officer/Head of Asia and Oceania, Hiroshi Suehiro, said, "India, being one of the BRICS countries and amongst the fastest developing economies in the Asia-Pacific region, makes for an attractive investment destination for Japanese companies."

This alliance will not only reinforce the relationship but also open an era of large-scale collaboration on strategic business and commercial alignment, the statement said.

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