Zerodha applies for merchant-banking licence to diversify beyond broking
The Bengaluru-based brokerage has applied for a merchant-banking licence, signalling a push into new financial-services lines beyond its core trading platform. Zerodha has more than 68 lakh users, according to the report.
Zerodha seeks a merchant-banking licence to diversify beyond broking, while IndiaMART posted stronger Q1 FY27 earnings and plans working-capital finance. The roundup also covers Ather’s QIP, travel-tech funding, fintech acquisitions, lending growth and Cent’s diagnostic-centre expansion.
Why this matters
With no related recent signals provided, Zerodha's merchant-banking application marks a move beyond its core broking platform into additional financial-services lines.
Retail-company signals are accelerating, up 983100% QoQ.
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