India: Motilal Oswal Alternates picks up stake worth $28m in Asian Footwears

India: Motilal Oswal Alternates picks up stake worth $28m in Asian Footwears

Photo: Pixabay

India-focused fund manager Motilal Oswal Alternates (MO Alts) has invested Rs 225 crore ($28 million) for a significant minority stake in traditional, family-owned shoe-manufacturing company Asian Footwears as the latter looks to expand its business across the country.

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