India: Multiples PE acquires 37% stake in Gunit Chadha’s APAC Financial

Renuka Ramnath. Photo: Mint

Renuka Ramnath-led private equity (PE) firm Multiples Alternate Asset Management Pvt. Ltd has acquired a minority stake in non-banking financial company (NBFC), APAC Financial Services, said a top Multiples executive. Headed by former India chief of Deutsche Bank, Gunit Chadha, APAC has also received additional fund infusion from its founder and leadership team.

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