Japan’s Mizuho Securities, part of the Mizuho Financial Group, has agreed to acquire a controlling stake of over 60% in Indian investment bank Avendus Capital by purchasing the stake held by US-based private equity firm KKR. The transaction is valued at around ₹4,700–4,800 crore (about $520 million) and is subject to regulatory approvals.
Following the acquisition, Avendus Capital will become a subsidiary of Mizuho Securities, while continuing to operate under its existing brand and management. Founders Gaurav Deepak and Kaushal Aggarwal will continue to lead the firm. Co-founder Ranu Vohra is expected to exit his shareholding but remain with the company until the deal is completed.
The acquisition aligns with Mizuho’s strategy to strengthen its investment banking and capital markets presence in India, tapping into the country’s growing deal activity and financial services sector.
Japan ki Mizuho Securities, jo Mizuho Financial Group ka hissa hai, ne Indian investment bank Avendus Capital mein 60% se zyada controlling stake acquire karne par agreement kiya hai. Yeh stake US-based private equity firm KKR se khareedi jaayegi. Is deal ki value lagbhag ₹4,700–4,800 crore (around $520 million) hai aur yeh regulatory approvals ke subject hai.
Acquisition ke baad Avendus Capital, Mizuho Securities ki subsidiary ban jaayegi, lekin company apne existing brand aur management ke saath operate karti rahegi. Founders Gaurav Deepak aur Kaushal Aggarwal company ko lead karte rahenge. Co-founder Ranu Vohra apni shareholding exit karenge, lekin deal complete hone tak company ke saath bane rahenge.
Yeh acquisition Mizuho ki strategy ka hissa hai jiske through woh India mein investment banking aur capital markets presence ko strong karna chahti hai, especially desh ke badhte deal activity aur financial services sector ko dekhte hue.
This news is for information only and is not investment advice. Please do your own research before making investment decisions.