Yes Bank, Shinsei in cross-border M&A advisory pact
Private sector lender Yes Bank and Shinsei Bank of Japan have entered into a strategic tie-up to offer advice in cross-border negotiations.india Updated: Nov 24, 2010 21:27 IST
Private sector lender Yes Bank and Shinsei Bank of Japan have entered into a strategic tie-up to offer advice in cross-border negotiations.
The two companies signed the agreement to this end here on Wednesday.
"This partnership will enable us to enhance our investment banking services and facilitate overall cooperation of both the nations through strategic interventions," Rana Kapoor, managing director and chief executive officer, Yes Bank, said in a statement.
"The alliance will play an active role towards further augmenting investment flows in the Indo-Japanese corridor" he added.
With this tie-up, both banks will be able to leverage their combined expertise, strong local knowledge and excellent corporate relationships to jointly pursue mergers and acquisitions, joint venture and merchant banking opportunities for their respective clients, a joint statement said.
"As Japanese companies have stepped up their operations in India in recent years, Shinsei has signed this memorandum of understanding on a business alliance in order to expand the range of services it provides to customers through stronger collaboration with Yes Bank," said Shigeki Toma, president and CEO, Shinsei Bank Limited.
First Published: Nov 24, 2010 21:25 IST