India Digest: Embassy, CDPQ to set up fund; Carlyle to invest in Axis Bank

India Digest: Embassy, CDPQ to set up fund; Carlyle to invest in Axis Bank

People on a motorcycle ride past an Axis Bank Ltd. branch in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Bengaluru-headquartered property developer Embassy Group is in talks with Ivanhoe Cambridge, the realty investment arm of Canada-based CDPQ, to establish an alternative investment fund. In a separate development, US-based PE behemoth Carlyle is close to investing Rs 5,000 crore in India’s fourth-biggest lender Axis Bank by way of a preferential allotment.

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