Becomes the first Middle Eastern investment bank to secure regulatory approval
Emirates NBD Capital, the investment banking arm of Emirates NBD, a leading banking group in the Middle East, North Africa and Türkiye (MENAT) region, recently announced it has received regulatory approval for a Category I Merchant Banking licence from the Securities and Exchange Board of India (SEBI), India’s market regulator, becoming the first Middle Eastern investment bank to secure Category I licensure.
The Category I Merchant Banking licence positions Emirates NBD Capital to offer a full suite of capital market services in India, covering the entire lifecycle of investment banking transactions, including acting as merchant banker and bookrunner on equity capital market offerings, Initial Public Offerings (IPOs), follow-on offerings and Qualified Institutional Placements (QIPs), as well as serving as an arranger on local debt capital market placements.
Broadening footprint
The approval enables Emirates NBD Capital to broaden its footprint in one of the world’s fastest-growing economies and deliver investment banking services tailored to Indian clients and market conditions, in compliance with local regulations.
Emirates NBD Capital India Private Limited, incorporated in Mumbai, operates as an extension of Emirates NBD Capital’s global investment banking platform in the UAE, supported by a local presence, robust governance and a Board of Directors comprising senior Bank executives.
“With strong relationships across investors in the Middle East, we are well positioned to channel regional liquidity into Indian capital markets and further solidify Emirates NBD as a gateway to stimulating cross-border flows,” commented Hitesh Asarpota, CEO of Emirates NBD Capital.
