Broadridge and IiAS to sell IiAS Proxy Research & Vote Recommendations for Listed Companies in India

Broadridge Financial Solutions, Inc. (NYSE:BR) and Institutional Investor Advisory Services India Limited (IiAS) have formed an alliance for the sale and distribution of IiAS proxy research and vote recommendations for listed Indian companies through Broadridge's ProxyEdge® voting platform.

As a result of this alliance, Broadridge's clients will be able to access advice on governance practices of listed Indian companies. In the current risk-averse markets, investors require such analysis, and the partnership with IiAS gives ProxyEdge users research and data they can act upon. Subscribers will also benefit from the wider coverage that IIAS provides.

Mr. V. Laxmikanth, Managing Director, Broadridge Financial Solutions, India commented, "Broadridge is a leader in the area of investor communications and is bringing the benefits of e-communication and voting to all participants in the world's financial markets. Our Alliance with IiAS to offer their vote research and recommendations for listed Indian securities enhances our offering to our institutional clients globally. We are very excited about this relationship."

"Broadridge provides IiAS with an exciting opportunity to expand access of its voting recommendations beyond its domestic institutional investor base through a recognized industry leader," said Amit Tandon, Managing Director, IiAS. "We look forward to working with Broadridge to better serve the needs of investors."

Broadridge has partnered with a number of research providers across the globe and carries their vote recommendations on ProxyEdge, its electronic voting tool for institutional investors. The alliance with IiAS further extends Broadridge's commitment to provide solutions in the Indian market. Broadridge is also looking forward to offering its e-voting solution to retail investors in India.

Source : Equity Bulls

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