by NR INDRAN / INT

Religare Securities Limited (RSL),the award winning broking arm of Religare Enterprises Limited (REL) a leading diversified financial services group from India, and  Mubasher Financial Services BSC (MFS) have entered into a strategic tie up for providing equities in Indian and International markets to customers in their respective geographies.

The alliance aims to cover a wide range of cross-border trading and investment opportunities. Non Resident Indians (NRI’s) and Qualified Foreign Investors(QFI’s) in Middle East and other locations will be able to get access to the Indian markets and Indian residents will be able to trade internationally into multiple global exchanges including USA, UK and Europe via sophisticated online trading platforms.

Speaking on the development, Mr. Jayant Manglik, President- Retail Distribution, Religare Broking said, “Today, India as an investment destination, cannot be ignored by any global investor and we are very excited to partner with a leading broker like MFS to offer this opportunity to NRIs and QFIs from GCC. On the other hand the growing wealth in India has also triggered a demand for International trading products and investment opportunities. We are sure that with MFS’s strengths, capabilities and experience in international online trading we would be able to provide the perfect gateway for our clients to diversify their portfolios globally. We look forward to working with MFS”

Mr. MalekKanawati, CEO, Mubasher said, “We are excited to expand our offering to include investment opportunities into India, while building on our existing presence in the subcontinent. The experience we have had over the years in the Middle Eastern as well as western financial markets stands us in good stead to work with Religare to introduce market leading technology platforms and investment opportunities to Indian customers.”

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