Zerodha, the retail brokerage firm, receives approval from India’s market regulator SEBI to operate in merchant banking. The move marks an expansion beyond its existing brokerage services.
According to reporting from multiple outlets, Zerodha’s merchant banking activities are expected to focus on services related to capital markets. This includes work connected to initial public offerings (IPOs) and follow-on issues, as well as equity capital market advisory. One outlet describes the firm as moving “beyond broking” as it obtains the regulator’s nod.
While both sources agree on the approval and the broad focus areas, they differ mainly in emphasis. Business Line highlights that the firm will concentrate on IPOs, follow-on issues and equity capital market advisory, whereas India Today underscores the broader shift from broking to merchant banking. Neither source provides detailed information in the excerpts about deal sizes, timelines for launch, or specific clients.
