Microsec Financial Services Ltd. plans to enter Capital Markets, files DRHP with SEBI

Company Brief

New Delhi, February 11, 2008

Microsec Financial Services Limited, a well-diversified financial services company providing an array of services including investment banking, retail brokerage (Equity and Commodities), wealth management, insurance broking, IPO and Mutual funds distribution, providing financing services to corporate/institutional/high net worth individual clients, proposes expansion of its business activities and increasing existing network of it branches.

To fund this plan, the Company proposes to enter the capital markets with a public issue of Rs 160 crore and it has filed DRHP with SEBI for the purpose. SBI Capital Markets Limited is the BRLM for the Issue.

Microsec is in the process of launching institutional equities and portfolio management services. It is headquartered in Kolkata and operates from another around 176 business-locations in 49 Indian cities and towns.

The Microsec Group operates through Microsec Financial Services Limited (“MFSL”) and its Subsidiaries. MFSL, the ultimate holding company of all the subsidiaries, is an NBFC, registered with the RBI and its main business includes giving loan against shares and rendering advisory services to clients. Its subsidiaries are Microsec Capital Limited., Microsec Resources Private Limited, MIL Technologies Limited, Microsec Insurance Brokers Limited and Microsec Commerze Limited

Consistent with its strategy to expand its domestic operations and network of branches, Microsec proposes to establish another 50 branches, set-up a regional office in other region and strengthen the office infrastructure in Mumbai.

For further information:-

Concept PR

Poonam Mathur

Tel: +23701250 / 56