India’s Sanaka Capital invests $44m in Edelweiss
Sanaka Capital, an Indian private equity firm established by Shankar Narayanan, formerly co-head of The Carlyle Group's Asia growth team, has agreed to invest $44 million in local financial conglomerate Edelweiss.
The proposed investment - part of a funding round that could reach $75 million - would go towards the company’s investment advisory business Edelweiss Global Investment Advisors (EGIA). This would build...
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