Australia-based Link Market Services, a provider of registry services and technology to financial market participants in Australia, is learnt to be in an advanced stage to pick up controlling stake in Mumbai-based Sharepro Services. The deal, pegged at around $10 million and likely to be sealed within a month, is yet another example of the interest among foreign capital market intermediaries to build a presence in the Indian capital market. In 2004, Australia’s leading firm in this segment, Computershare formed a joint venture with one of India’s leading share registry firms, Karvy, aiming to offer support to the sharply-growing IPO market in India. Sharepro Services is a Sebi-registered category-I registrar and securities transfer agent with depository connectivity for both NSDL and CDSL. Sharepro Services CEO Chhaya Shah confirmed that talks were on. “Nothing has been firmed up yet. We are still talking,” she told ET. […]