Geojit BNP Paribas Financial Services has received an approval to invest Rs 70 crore by way of equity capital in Geojit Credits. The board of directors at its meeting held on March 25, 2014 has approved for the same.
Geojit Credits is a non deposit taking NBFC and a subsidiary of Geojit BNP Paribas. Geojit Financial Management Services is a wholly owned subsidiary of Geojit BNP Paribas and has also decided to invest Rs 32.5 crore by way of equity capital in Geojit Credits.
Kochi-headquartered Geojit BNP Paribas has a strong presence in the Middle East through joint ventures and partnerships. The company offers wide range of investments options in equity, futures and options, IPOs and mutual funds. The company offers clients daily SMS alerts, market pointers, periodical research reports, stock recommendations and customer meets organized frequently.
