Bangalore: Bajaj Capital is looking at mobilizing $50 million to expand its network despite turbulent global market conditions. According to market sources, a few private equity funds have shown interest in the company and a decision is expected during the next quarter.
Sources indicate that Citigroup Venture Capital and Barings Private Equity are among the funds which have evinced interest to fund Bajaj Capital. In addition to being an investment advisory and financial planning company, Bajaj Capital is also a Sebi-approved Category-I Merchant Banker. Of late, the company has 170 outlets across the country and is understood to be expanding. Early this year, Bajaj Capital forayed into online trading under the Just Trade brand, which also offer online investment advisory services. With this launch, Bajaj Capital offers stock broking, mutual fund and IPO services through a common online platform.
Sources indicate that Citigroup Venture Capital and Barings Private Equity are among the funds which have evinced interest to fund Bajaj Capital. In addition to being an investment advisory and financial planning company, Bajaj Capital is also a Sebi-approved Category-I Merchant Banker. Of late, the company has 170 outlets across the country and is understood to be expanding. Early this year, Bajaj Capital forayed into online trading under the Just Trade brand, which also offer online investment advisory services. With this launch, Bajaj Capital offers stock broking, mutual fund and IPO services through a common online platform.
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