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February 11, 2016 12:25 PM ET

Capital Markets

Company Overview of SBI Capital Markets Limited

Company Overview

SBI Capital Markets Limited was founded in 1986 and is based in Mumbai, India. As of August 1, 1986, SBI Capital Markets Limited operates as a subsidiary of State Bank of India.

202, Maker Tower 'E'

Cuffe Parade

Mumbai,  400 005

India

Founded in 1986

Phone:

91 22 2217 8300

Fax:

91 22 2218 8332

Key Executives for SBI Capital Markets Limited

Chief Executive Officer and Managing Director
Age: 55
Executive Vice President
Company Secretary
Managing Director of SBICAP Securities Limited
Compensation as of Fiscal Year 2015.

SBI Capital Markets Limited Key Developments

Essar Steel Appoints SBI Capital Markets as Advisor

Essar Steel has appointed SBI Capital Markets as advisor to help identify and induct strategic/financial investors in the company. This decision is in addition to previously announced plans to monetise certain non-core assets to raise equity and infuse additional funds for ramping up operations to full capacity.

Essar Steel Appoints Advisors To Identify And Induct Financial And Strategic Investors

Essar Steel India Limited has appointed ICICI Securities Limited and SBI Capital Markets Limited as financial advisors to help identify and induct strategic/financial investors in the company. The decision is in addition to previously announced plans to sell certain non-core assets to raise equity and infuse additional funds, Essar Global Holdings Limited issued a media release on November 7, 2015.

Essar Steel Seeks Buyers

Essar Steel Holdings Limited is seeking buyers. Essar Steel said on November 7, 2015, that it is looking for buyers to raise fresh capital to fund capital expenditure and pare some of the debt. Essar Steel has roped in ICICI Securities Limited and SBI Capital Markets Limited as advisors to help it identify investors, Essar Steel said in a statement. The firm, however, did not disclose the amount it plans to raise. Besides, it has also proposed to monetise the Vizag slurry pipeline and coke oven for around INR 70 billion in the current fiscal. These measures will provide the company about INR 120 billion, which will be utilised to strengthen the balance sheet and meet all its financial needs. On the reasons behind the move to hunt for investors, Essar Steel said, "Global steel industry is facing major headwinds due to falling steel prices and increased exports from China. It is in this context that Essar Steel has taken a proactive decision to induct strategic/financial investors into the company."

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