CAPSTOCKS TO WIDEN ITS NETWORK IN SOUTH, GULF
Capstock and Securities India, based in Thiruvananthapuram, is planning to open two more offices in the region in addition to the existing one in Sharja.
V.Rajendran, Managing Director of Capstock told reporters that the firm would start office in Saudi Arabia and Kuwait as joint ventures with the local firms.This would enable the company to penetrate further into the gulf and lure the Indians to the capital market.
The company is also planning to widen its network of branches in south.It will open 100 more branches through franchises by the next fiscal.At present, it has 100 offices located in all major south Indian cities.
He added that there is enough potential in the south and which is to be discovered ,so they are concentrating in the market.The firm is a member in Bombay Stock Market and National Stock Market. And moreover it also offers Wealth Management Services.
The company will start a knowledge centre on January 25 to create awareness among the potential investors on the capital markets. The centre will consists of publication and traning divisions. The publication division will bring out literature on the trend and direction of capital markets.
