Sharekhan the retail broking arm of SSKI is looking at various options including an initial public offering for raising capital to fund its expansion plans. The company has been getting responses for partnerships but nothing has materialized as yet. Sharekhan is looking at increased number of branches across India to 60 from the existing 38 by 05-end besides an increase in its franchisees which stand at 250 as of now. The retail broking agency would also be increasing its headcount to 1,600 by the year-end as compared to current strength of 1,200 employees. |
