Now Reading: Japan’s Resona Bank ties up with Tata Capital for India deals
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Japan’s Resona Bank ties up with Tata Capital for India deals
Japan's Resona Bank has partnered with Tata Capital to offer financing solutions to its clients in India, using the non-bank lender's local network. The deal follows a $20 million investment by Resona…
Japan's Resona Bank has partnered with Tata Capital to offer financing solutions to its clients in India, using the non-bank lender's local network. The deal follows a $20 million investment by Resona Bank as a limited partner in Tata Capital Growth Fund III, though the Japanese lender did not disclose when it made that investment.
Under a non-exclusive MoU announced on Monday, the two firms will leverage their respective strengths to explore opportunities through Tata Capital's network. Resona Bank's clients will gain access to debt and equity financing options in India via the partnership.
Indian Opinion Analysis
Resona Bank is among several Japanese financial institutions expanding into India as Japanese firms diversify supply chains away from China. Tata Capital Growth Fund III, with a target corpus of Rs 3,500 crore, focuses on growth-stage companies in sectors such as financial services, consumer tech and healthcare. Limited-partner investments by foreign banks into Indian venture funds are governed by Sebi's alternative investment fund regulations and do not require prior approval as long as the investor meets know-your-customer norms. The MoU opens a channel for Japanese corporate clients to access project finance and working capital through Tata Capital's branch network, which spans 140 offices. The real test of the partnership will be how many cross-border deals it generates in the next 12 months: Resona Bank's client base of over 3,000 Japanese companies in India is the immediate addressable market.
Source: timesofindia.indiatimes.com
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