Nomura Holdings Inc. and Mizuho Financial Group Inc. are emerging as the top bidders for a majority stake in Avendus Capital Pvt., one of India’s largest investment banks. This stake, currently held by KKR & Co., represents 63% of Avendus and is valued at a minimum of $400 million.
Sources indicate that both Japanese firms have submitted the highest preliminary bids, while several other…
Global private equity firm Carlyle is set to invest $400 million in India’s auto component market, focusing on the growing domestic demand and potential for export. The firm aims to establish a platform to acquire and merge mid-sized manufacturers specializing in precision machining and components for electric vehicles (EVs).
According to reports, Carlyle plans to acquire at least two…
