Mefcom & Beaufort Strategic Alliance To help India’s Position as The Best Foreign Investment Destination Will also offer Sharia Compliant Products

FOR IMMEDIATE RELEASE
South delhi, Delhi, India, Republic of (Free-Press-Release.com) July 26, 2011 -- July 26, 2011. SEBI registered Category I Merchant Banker, Mefcom Capital Markets Ltd., a leading New Delhi based full service Brokerage & Investment Banking Company providing entire range of financial services and solutions, has entered into a Memorandum of Understanding with London based Merchant Bank, Beaufort International Associates Ltd. that offers services covering Corporate Finance, Global Stockbroking and Asset Management. Subsidiaries of both companies are members of BSE, DSE, NSE and London Stock Exchange respectively. Beaufort is also a SEBI registered FII in India.

The two companies have joined hands after extensive due diligence and matching of corporate visions and business objectives. Both companies will pool resources, introduce potential clients and contacts who are looking for Joint Venture partners in India, UK and Europe. Mefcom – Beufort will offer brand franchising and international licensing transactions, Cross-border corporate advisory and due diligence work, listing and capital raising activities (AIM, Plus & LSE) like GDR and FCCB, Private Equity, Investor relation road-shows, Wealth Management and Stock Broking services for FIIs, Domestic Institutions, HNIs & Corporate Houses.

Mr. Tanvier Malik, CEO of Beaufort International said that “Our alliance with Mefcom is very timely since, with booming foreign exchange reserves and high growth in its manufacturing and services sectors, India has a stable economy and is poised to become a world economic super-power”. He added that “The policy makers in India continue to be inclined to push reforms in the financial sector. Recent announcement by Ministry of Finance to allow foreign individuals to invest upto $ 10 billion in the domestic mutual fund industry is another step in this direction. The Government of India also permits its citizens to invest money abroad. The alliance will help channelise cross-border investments more effectively. There is an increasing need for such services and Beaufort presence in India will help to bridge this gap.”

Mr. Vijay Mehta, Chairman & CEO of Mefcom Group said that “The Indian financial system with its safeguards, checks and balances, continues to be among the best in the region, providing assurance and a sense of comfort to foreign investors. This strategic tie-up between ‘Mefcom’ & ‘Beaufort’, through its offices and team of professionals, shall bring their services at the doorstep of the clients, offering them local expertise at competitive pricing.” “Together, the alliance brings a vast experience in value-added cross-border financial-services to all those who are looking to derive the benefits of Global Best Practices” Mr. Mehta added.

Beaufort shall provide a growing franchise in Sharia Compliant Products with its local presence in Dubai. The alliance is the first of its kind in North India and is among only a-few in the country, offering ‘Sharia Compliant Products’. The alliance plans to open offices in Mumbai, Kolkata and South India in due course so as to service clients on a pan-India basis providing them access to markets in India, Middle-East, UK and Europe.

Business activities between India, UK and Europe have touched a new high. In recent years, about 70 companies from India across a wide range of sectors, have gone for fund raising in London either via a premium list of equities or GDRs or on AIM. According to a survey conducted by the London Stock Exchange, Indian companies raised $ 2.24 billion in 2010 bettering the previous highest total of $ 1.90 billion in 2007. On the AIM market, Indian companies raised $ 343 million in 2010, more than any other country, accounting for 19 per cent of all money raised in the calendar year on the market. Today India ranks on par with Brazil and is ahead of China as an investment destination.

Mr. Vijay Mehta said that “London was a natural choice as it remains the hub of world financial-services activities. It offers a specialized funds market for Indian business. And India continues to be a hot favourite with overseas investors, among other emerging markets.”


About Mefcom Capital Markets Limited

Formerly rated as Number 1 Private Sector Merchant Banker and Underwriter from North India, Mefcom is authorized and regulated by the Securities and Exchange Board of India. Mefcom Capital Markets Ltd., an independent Merchant Bank with associate offices in Jaipur, Chandigarh and Ahmedabad, is dedicated to servicing HNIs, Corporate Clients and Institutional Investors besides having a boutique retail brokerage set up, mainly through franchisee model. Established in 1985, Mefcom is engaged in Stock broking, Wealth Management, Corporate finance and other Merchant banking services with special expertise and track-record in advising small to medium sized companies. It has memberships on all major stock-exchanges in India like NSE, BSE, DSE and DGCX in Dubai. Having managed about 200 IPOs till date, Mefcom has been the lead advisor i

Mefcom Beaufort