Zerodha seeks SEBI approval to enter investment banking

Zerodha has filed an application with the Securities and Exchange Board of India (SEBI) for a merchant banking licence. If approved, it would pave the way for the company to foray into the investment banking space. The application was filed on April 27 by Zerodha Corporate Advisors, a subsidiary of the online stock broking platform, according to SEBI’s latest update as of May 31.