India: Lighthouse invests $35.5m for minority stake in footwear maker Aqualite

India: Lighthouse invests $35.5m for minority stake in footwear maker Aqualite

Photo: Pixabay

Mid-market private equity firm Lighthouse Advisors Pvt. Ltd has invested about $35.5 million (Rs 250 crore) for a minority stake in footwear company Aqualite Industries, the companies said in a statement.

The deal, which marks Lighthouse’s fourth investment this year, has been routed through its third fund – Lighthouse India Fund III.

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