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This is an archive article published on September 20, 2004

Nomura Sec testing Indian waters

Japan’s Nomura Securities (NSC), one of the world’s leading security firms, is doing due diligence for potential investments in t...

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Japan’s Nomura Securities (NSC), one of the world’s leading security firms, is doing due diligence for potential investments in the Indian market.

A three-member team from NSC have called on market regulator Sebi.

Market sources said Nomura was likely to enter Indian secondary markets through the mutual fund route. NSC has more than $150 billion assets and a shareholder equity of over $13.5 billion. A top Sebi official said: ‘‘Nomura Securities is familiarising itself with all aspects of the Indian capital market’’.

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