Indbank Merchant Banking Services Limited (INDBANK.NS)
Indbank Merchant Banking Services Limited operates in the Financial - Capital Markets industry of the Financial Services sector, headquartered in Chennai, TN, IN. The stock last traded at $32.72, down 1.51% on the session, giving a market capitalisation of $1.45B. Its beta of 0.21 implies it has historically moved less than the broad market.
Indbank Merchant Banking Services Limited, a subsidiary of Indian Bank established in Chennai, India, in 1989, delivers an extensive portfolio of financial solutions across India. The company's core activities include merchant banking, stock brokerage, and depository services. Its merchant banking division assists with public and rights issues, private placements, share acquisitions, corporate takeovers, and employee stock ownership plans. Furthermore, Indbank provides advisory expertise for valuing shares and other financial instruments, facilitating loan syndication, guiding mergers and acquisitions, and offering project consulting, appraisal, and feasibility studies. For both individual and institutional clients, the company offers stock broking services across cash, derivatives, and wholesale debt markets, complemented by online trading and various e-services. It also engages in the distribution of mutual funds and other investment products.
Indbank Merchant Banking Services Limited is most often compared with the following Financial Services names: