Montage Capital eyes steel, mfg

Mumbai-based Montage Capital Markets Ltd, a corporate finance and financial advisory company, is exploring investment opportunities in steel and manufacturing sectors.

The company plans to invest Rs 4,200-4,500 crore in these sectors during the current year, said Rajesh Shukla, chairman and managing director, Montage group.

The company is also planning to open 10 offices in India including one in Chandigarh on a franchisee basis. At present, it has five branches in India and three overseas.

Among others, the company also planning to venture into the security sector. “During the current financial year, we are planning to invest Rs 150-200 crore in this business. The funds would be met through equity participation and angel financing.” Initially the company will open 15 branches across the country of which three would be in the northern region — Ludhiana, Shimla and in Haryana.