Indian Investment Bank: State alliance
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Indian Investment Bank: State alliance

SBI Capital Markets, the investment banking and project advisory arm of the State Bank of India , has agreed a strategic business alliance with Asian broker and investment bank CLSA to provide investment banking services in India . The two firms will work jointly on large equity capital market transactions, M&A and other advisory work as well as cooperate on research products. The alliance is for an initial period of two years but might be extended by mutual consent.

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