Geojit Financial Services Ltd

Geojit to form JV with Oman firm

Geojit Financial Services Ltd. has made announcement that the board members of the company have sanctioned its proposal to form a Joint Venture Company in the Sultanate of Oman with the Finanial Corp. Co. SAOG, or FINCORP.

According to the sources, the company will pump Rs 32 million in the JV.

The source further revealed that Geojit would be the owner of 51% equity stake in the JV.

According to the reports, the said JV will provide brokerage services and distribute financial products.