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Last Updated : Apr 05, 2017 12:56 PM IST | Source: Reuters

TMT-focused investment bank Raine plans India expansion

The merchant bank - which focuses on technology, media and telecommunications - has hired former UBS banker Gaurav Mehta to head its India business as managing director, it said in a statement.

US-based investment bank The Raine Group said on Wednesday it would expand its operations into India and open an office in Mumbai.

The merchant bank - which focuses on technology, media and telecommunications - has hired former UBS banker Gaurav Mehta to head its India business as managing director, it said in a statement.

Raine, which has offices in New York, San Francisco, Los Angeles, London and Shanghai, expects to begin India operations in early May, it said.

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Raine's past deals involving India include advising SoftBank on its initial investments in ride-hailing service Ola Cabs.

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First Published on Apr 5, 2017 12:52 pm
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