Geojit in MoU with UAE brokerage house
Mumbai: Geojit Securities Ltd., a Kochi-based retail broking firm, is setting up an overseas venture jointly with a UAE partner to provide broking and depository services to NRIs in the Gulf countries. The company has signed a MoU with the UAE-based brokerage house, Barjeel Shares and Bonds (LLC), to set up a new company - Brajeel Geojit Securities LLC - with an initial capital of $1 million. The UAE partner will hold 80 per cent equity while Geojit will have 20 per cent..

Barjeel Geojit, which will be based in Dubai, proposes to set up offices in Abu Dhabi, Sharjah, Muscat, Bahrain, Doha, Kuwait and Riyadh to cover all the GCC countries.
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