Tata group's financial arm Tata Capital (TCL) has signed a memorandum of understanding (MoU) with Japanese brokerage firm Mitsubishi UFJ Securities Co for investment banking, global offerings of Indian equities and other services.
"The top priority of our global business operations is to enhance our presence in Asian markets including India," Yasumasa Gomi, chairman and chief executive of Mitsubishi UFJ Securities, said in a statement. No financial details were disclosed.
TCL, a wholly owned subsidiary of Tata Sons, recently signed an alliance with Mizuho Corporate Bank for a range of financial services.