August 28, 2016 6:38 AM 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

Executive Vice President
Company Secretary
Managing Director of SBICAP Securities Limited
Compensation as of Fiscal Year 2016.

SBI Capital Markets Limited Key Developments

Government Selects Four Investment Banks For Share Sale In HUDCO

Department of Investment and Public Asset Management (DIPAM), the nodal agency under the finance ministry that co-ordinates government disinvestment program has selected four investment banks for the proposed share sale in Housing & Urban Development Corporation Limited (HUDCO). These four banks include Nomura Capital (India) Private Limited, SBI Capital Markets Limited, ICICI Securities Limited, IDBI Capital Market Services Limited. After qualifying on technical basis, DIPAM has selected Nomura that has quoted the lowest financial bids of a little over INR 50 million and others were asked to match the fee, said one of the top official of a leading investment bank that has participated in the process.

Government Plans To Sell Stake In HUDCO Through IPO

The government is planning to sell 10% stake in Housing and Urban Development Corporation, which is under administrative control of the Urban Development Ministry, through an initial public offer. As many as nine merchant bankers, including Citigroup Inc. (NYSE:C) and Nomura Financial Advisory Securities (India) Private Limited, have queued up to manage the 10% stake sale of HUDCO. The other bankers who are in fray are SBI Capital Market Limited, IDBI Capital Markets Services Limited, ICICI Securities Limited, IDFC Bank Limited (BSE:539437), Axis Capital Limited, Yes Bank Limited (BSE:532648) and Edelweiss Financial Services Limited (BSE:532922), according to the Department of Investment and Public Asset Management. The government will select up to four merchant bankers for managing HUDCO stake sale on August 18, 2016.

Lenders To Sell Kingfisher House

The consortium of lenders led by State Bank of India (NSEI:SBIN) have put the Kingfisher Airlines Limited for sale and they have cut the reserve price to INR 1350 million from the earlier INR 1500 million auction held in March 2016. SBI Capital Markets Limited is coordinating the auction on behalf of lenders. The date for electronic auction is August 04, 2016. The last date for submitting bids is August 01, 2016.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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