Bennett Coleman picks stake in SMC Group
SMC Group has one of the largest retail investor networks in India, serving over 450,000 investors. SMC Group companies, SMC Global Securities Ltd & SAM Global Securities Ltd. offer services in brokerage, arbitrage, merchant banking, wealth management and is also involved in the distribution of retail products like insurance, IPO & mutual funds. It also offers special advisory services to HNIs & MNCs.
SMC is a trading member of NSE, BSE, NCDEX and MCX and also has the trading & clearing membership of Dubai Gold and Commodity Exchange (DGCX).
The company commands more than 3% of the total market share in the Indian equities and derivatives market, over 4% in the Indian commodities market and more than 10% in Dubai gold and commodities exchange.
Now, the media major, Bennett Coleman & Company Limited has acquired 2% stake in SMC Group.