Orbis Capital Ltd, an India-based SEBI regulated custodian which provides investors with services to efficiently manage their investing operations securely, has reveived an equity investment from Infrastructure Development Finance Company Ltd (IDFC).Consequently, IDFC’s equity stake increase to 26% through conversions over the next two years.
In conjunction with the deal, Mr. Vikram Limaye, the Executive Director of IDFC, will join the board of Orbis.
Commenting on the investment, Mr. Limaye, was quoted as saying: “Orbis is a young and promising company with specialised expertise in custodial services.
“We are hopeful that IDFC’s investment in Orbis will help establish an association that sets new standards in the custody market”.
FinSMEs
20/05/2010