Zerodha Gets SEBI Nod to Enter Merchant Banking
What Happened
Zerodha's application for a merchant banking licence has been cleared by SEBI, though the formal registration process is still underway. The licence will allow the fintech firm to manage IPOs, fundraising deals, rights issues, and other capital-market transactions.
Key Takeaways
The approval marks Zerodha's entry into the investment banking space, diversifying beyond its core broking business and positioning it to compete with established merchant bankers as India's IPO market continues to grow.