Here it is:
Khandwala eyes retail finance
BS Reporter / Mumbai January 03, 2008
Khandwala Securities (KSL), an institutional broking firm, on Wednesday announced its plans to enter the retail financial services segment.
At its board meeting here, a decision was taken to set up a subsidiary company for the proposed new business venture. The proposed venture will commence by the end of 2007-08, according to a company’s release.
Paresh J Khandwala, managing director, KSL, said: “With the penetration level of the retail investment participation in the country being under 5 per cent, the segment offers a opportunity for KSL to establish its presence in the fast-growing market segment.”
The proposed retail financial services business of KSL would provide a range of services to individual investors and include multiple business offerings from retail trading, wealth management to product and information distribution.
No wonder Khandwala Sec is in constant circuits since many days......
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