India Digest: IIFL-Wealth Advisors in M&A; Ecap picks Techno stake; JSW Energy fundraise

India Digest: IIFL-Wealth Advisors in M&A; Ecap picks Techno stake; JSW Energy fundraise

Photo: Bloomberg

General Atlantic-backed IIFL Wealth Management is in final negotiations to acquire a majority stake in Wealth Advisors while Edelweiss group firm Ecap Equities has acquired over 3 per cent stake in Techno Electric & Engineering. Meanwhile, JSW Energy has received shareholders’ approval to raise Rs 150 billion through issuance of debentures, shares and bonds.

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