India: Private equity player KKR to acquire majority stake in investment bank Avendus Capital

India: Private equity player KKR to acquire majority stake in investment bank Avendus Capital

Visual sourced from Avendus Capital website

US-based private equity group KKR is set to acquire a majority stake in Mumbai-based investment banking firm Avendus Capital for about $100 million, as per a report in The Economic Times.

As part of the proposed deal, KKR will acquire controlling stake in the Indian firm by subscribing to both its existing and fresh equity.

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