Doha Bank of Qatar has agreed to take 49 per cent equity stake in Select Securities Group, which owns brokerage network under the brandname 'Investnet'.
An agreement to this effect was signed by Select Securities Ltd Chairman and CEO Prince George and Doha Bank Deputy CEO R Seetharaman in the presence of Kerala Industries Minister Elamaram Kareem here.
Kareem said during his recent tour of the Middle East he met several businessmen who were keen to invest in Kerala.
He also said it was important infrastructure facilities in the state were upgraded to attract larger investment.
Seetharaman said, “This is our first investment in India. We see India as an super power in the making. With a large NRI customer base our bank already has strong links with the country. We see this tie-up as a major strategic step towards our global vision.”
Source : Economic Times