Mizuho Financial Unit To Take Majority Stake In India's Avendus Capital

MT Newswires Live12-18

Mizuho Financial Group (TYO:8411) unit Mizuho Securities plans to acquire more than 60% of Avendus Capital Private Limited, to make the Indian investment bank a consolidated subsidiary, according to a Wednesday statement by the company.

The agreement was reached with Avendus' majority shareholder. Avendus operates across investment banking, institutional equities, wealth management and asset management, and is a prominent adviser in India's mergers and acquisitions market.

Mizuho Financial Group has been expanding its global corporate and investment banking business and has pursued growth through acquisitions, including Greenhill in 2023. Bringing Avendus into the group is expected to strengthen Mizuho's presence in India's capital markets and support clients seeking to expand there.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment