Zerodha gets SEBI nod to enter investment banking business

Zerodha is set to enter India’s investment banking business after receiving approval from the Securities and Exchange Board of India for a Category-I merchant banking licence. The move will take the brokerage beyond its traditional role of executing trades for investors and into advising companies on raising capital, giving it a new avenue for growth as the stockbroking industry adjusts to regulatory and competitive pressures. Zerodha Corporate Advisors had applied to SEBI for the licence on Apr