Mitsubishi UFJ ties up with India's Tata Capital

Tokyo - Japan's brokerage house Mitsubishi UFJ Securities Company has linked up with India's leading financial firm, Tata Capital Ltd, Japanese media reports said Wednesday.

The move is to reinforce Indian stock sales from Japanese investors.

The two companies were expected to help assist Indian companies conduct mergers and acquisitions globally, according to Japanese business daily The Nikkei.

They also plan to provide research reports issued by Tata Capital's securities units to advise Japanese firms in mergers and acquisitions of Indian companies.

The tie-up came after Mitsubishi UFJ Securities set up a local unit in India in April. (dpa)

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