Zerodha Seeks SEBI Approval To Enter Investment Banking

Broking giant Zerodha is looking to expand its financial services portfolio as it eyes a foray into the investment banking business. The company has sought a Category I merchant banking licence from SEBI through its wholly owned subsidiary, Zerodha Corporate Advisors Pvt Ltd. According to SEBI’s records, the application was filed on April 27 and is currently under review.