Harlow Butler Expands Into India, Via Majority Share In Joint Venture

BROKERS

Harlow Butler is expanding its international operations into India in preparation for increased deregulation of the financial markets there, by taking a majority share in a new joint venture with Merwanjee Bomanjee Dalal, a Mumbai-based broking company, officials say.

The agreement is believed to be the first between a major international broker and an Indian broking house, officials say. It is subject to the final approval of the Foreign Investment Promotions Board and endorsement by the Fo