BOB Capital Markets Ltd (BOBCAPS) and Maybank Securities Pte. Ltd. Singapore, part of Maybank Investment Banking Group (Maybank IBG) have entered into an Agreement to strengthen their India offering to clients in ASEAN and the rest of the world.
Combining the extensive network of Maybank IBG and excellence of BOBCAPS' research, this alliance enables Maybank to enhance its product coverage to global institutional clients, while allowing BOBCAPS to expand its reach outside India. This relationship further augments Maybank's capabilities in serving clients in ASEAN and key global markets while empowering them with bespoke, on-ground and in-depth research insights. The association shall extend across research, corporate access and roadshows to elevate interest in India equity products.
Sanjiv Saraff, Joint Managing Director of BOBCAPS said, "We are extremely pleased and excited about this Alliance. This is a great opportunity for us to leverage the existing global clientele of Maybank to significantly improve our distribution reach and to provide them with insightful India-Equity Research."
Dato' Ami Moris, CEO of Maybank IBG said, "As our client franchise grows, we continue our focus on delivering value, and strengthening our platform and thought leadership. India is now the world' fifth largest stock exchange and is a consistent outperformer versus other emerging markets. The investment case for India remains sound, and is supported by strong economic growth. Maybank IBG has over recent years successfully constructed a significant strategic partnership portfolio in Asia Pacific, and our alliance with BOBCAPS finally adds India, a most critical target market, to our comprehensive product offering. We expect to unlock more ASEAN plus global capital flows into India through this combined service."
Shares of Bank of Baroda was last trading in BSE at Rs. 121.65 as compared to the previous close of Rs. 123.15. The total number of shares traded during the day was 1602162 in over 7991 trades.
The stock hit an intraday high of Rs. 125.20 and intraday low of 121.05. The net turnover during the day was Rs. 197124091.00.