Resona Bank has signed a memorandum of understanding on business cooperation with Tata Capital, a non-bank financial institution under India's major Tata Group, strengthening a framework to support Japanese companies' fundraising.
Resona Bank announced on the 24th that it had signed a memorandum of understanding on business cooperation with Tata Capital, a non-bank financial institution under India's major Tata Group. The cooperation is expected to lead to the establishment of a framework aimed at supporting Japanese companies' fundraising.
Tata Capital is the company responsible for the Tata Group's financial business, and cooperation between the two companies could include capital and business ties. The specific operating methods and scope of transactions covered will require awaiting further formal announcements.
A report by the Kyoto Shimbun said Resona Holdings is moving to expand Japanese companies' fundraising options through the partnership. Parties concerned are closely watching future developments and the details of the partnership.