New Delhi/Bahrain, Oct 3 (IBNS): Religare Securities Limited (RSL), the broking arm of India based Religare Enterprises Limited (REL), and Mubasher Financial Services BSC (MFS), a leading provider of regional brokerage in the Middle East for institutional investors, 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, 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."
Malek Kanawati, CEO, Mubasher said, "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."