MUMBAI, Jan 24 (Reuters) – Nomura Holdings (8604.T) has tapped Mahesh Natarajan to head its equity capital markets company in India, two resources with direct knowledge advised Reuters on Tuesday, a major-level financial investment banking seek the services of that arrives when dealmaking is going by means of a turbulent phase.
Natarajan is thanks to sign up for the Japanese firm’s Indian device in the coming months, the sources explained, declining to be named as the selecting choice is not general public.
Natarajan at the moment heads the equity funds markets – which include first public offerings and block specials – for Nomura’s domestic rival ICICI Securities and has invested practically 17 years with the firm, in accordance to his LinkedIn profile. He worked with Morgan Stanley previously.
He replaces Mangesh Ghogre, who headed Nomura’s equity cash marketplace business enterprise in India until finally past month.
Both equally Nomura and Natarajan did not right away react to a request for remark. A spokesperson for ICICI declined to comment.
Data from Refinitiv showed Indian corporations raised $19.4 billion from equity money markets in 2022, down 45% from the earlier year, amid a mounting desire price surroundings and escalating concerns more than valuations.
Nomura was portion of equity offers truly worth almost $830 million in India and was rated 10th in 2022, Refinitiv facts confirmed, 42% increased than the former yr.
Natarajan has been section of extra than 100 discounts above the decades, which includes first public offerings of Adani Wilmar (ADAW.NS), KKR-backed financial institution Five Star Company Finance and, condition-owned Lifetime Coverage Corporation of India (LIFI.NS), which was India’s major ever past calendar year.
Reporting by M. Sriram Enhancing by Aditya Kalra and Dhanya Ann Thoppil
Our Standards: The Thomson Reuters Believe in Concepts.