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Incorporated in 1982, Prime Securities is promoted by G E Shipping Group.The Company is involved in the business of trading in equity, merchant banking advisory services, foreign exchange advisory services, equity research etc. It has a joint venture with N.M. Rothschild Group, a investment banker from U.K. for investment banking services.The company has two wholly-owned subsidairies viz-Prime Broking Company (India) Ltd. (PBCIL) and Prime Research & Advisory Ltd. (PRAL). Recent Developments: GE Shipping is likely to exit from Prime Securities (PSL) by offloading its holding in the open market. GE Shipping has been selling its stake in PSL for the past few months. The company`s stake in PSL has decreased to less than one per cent .GE Shipping presently holds 0.4 per cent in PSL. The lacklusture markets have had a dampening effect on overall market sentiment resulting in a low success rate of deal closure. Despite of this situation the company closed several deals and is now focussing on new ares like debt syndication and joint ventures. Future Plans: The company plans to focus on fee based income stream. The products of concentration being private equity, equity placements, corporate advisory and valuations.
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