SEBI approves merchant banking licence for Zerodha

Exam-focused facts from the 4 September 2026 current affairs briefing.

Key facts

The Securities and Exchange Board of India (SEBI) has approved Zerodha's application for a merchant banking licence.
Zerodha plans to start merchant banking operations within the next couple of months.
The licence will enable Zerodha to manage Initial Public Offerings (IPOs) and advise companies on fundraising.
Zerodha Corporate Advisors filed the application with SEBI on April 27, 2026.
Zerodha has over 1.6 crore customers.
SEBI amended merchant banking rules in December 2025, revising net worth and liquid net worth requirements.
As of the article, 12 other applications, including from InCred Capital and Neo Wealth Management, are pending with SEBI for merchant banking licences.