SBI Caps appointed as transaction adviser to Ministry of Defence

For the first time, the Defence Ministry has appointed a transaction adviser and a legal adviser for procurement projects under the Strategic Partnership (SP) model. SBI Caps [Capital Markets] has been appointed as the transaction adviser. The first task for the advisers will be to work on the Expression of Interest for the Naval Utility Helicopters. Under the SP model, Indian private companies will get to tie up with global Original Equipment Manufacturers and build major defence platforms in India under technology transfer.