Hyderabad|India|July'2011:The KARVY GROUP and Computershare, through their securities registry JV, Karvy Computershare Private Limited has announced that they have entered into a definitive agreement with Bahrain based KPMG Fakhro to acquire a majority stake in its affiliate, Bahrain Shares Registering Company WLL (BSRC).

BSRC, which started its operations over 35 years ago, is the largest player in the securities registry business in Bahrain. It enjoys a strong clientele including some of the leading corporate houses in the region. Its client base extends to more than 90% of the listed companies in Bahrain.

The acquisition is part of Karvy Computershare's middle east expansion strategy enabling the extension of its unparalleled investor services through state-of-the-art technology, unique operating management practises and highest quality standards, offering world class securities services to not only customers of BSRC but across the entire region.

Commenting on the acquisition, Mr. C Parthasarathy, Chairman - Karvy Group said, "This development is part of a strategy to raise the Karvy group's profile across geographies. Karvy's strong legacy and expertise in the financial services industry coupled with Computershare's understanding of the specific business across the world gives us the confidence that this acquisition will accelerate our continuing growth."

Mr. Stuart Crosby, Chief Executive Officer - Computershare, stated "We are pleased to be extending our footprint into the Middle East and are committed to the continued provision of excellent services to clients of Bahrain Shares Registering Company WLL, as well as leveraging our global expertise with companies in Bahrain and beyond".

Mr. V Ganesh, Chief Executive Officer - Karvy Computershare Pvt. Ltd. added, "We believe that we can create significant value for our customers in the Middle East region through our unique combination of a contemporary technology backbone and a 360° offering. This acquisition would help us create a path breaking process for servicing investors in the region and herald the entry of new age services".

Karvy Computershare Private Limited (KCPL) provides Registrar services to mutual funds and corporates across India. Currently, KCPL services over 67 million investors, across 500 corporate and 29 mutual funds from nearly 500 locations, making it clearly the largest investor servicing entity in India.

KCPL's clientele includes the who's who of Indian corporate sector. KCPL has handled over 1,000 public issues, open offers, buy backs etc. Karvy Computershare is a 50:50 joint venture between two stalwarts, Karvy from the Indian market and the Australia based global registry leader, Computershare.

July.2011