MO Alternates commits $28m to Indian footwear brand
Motilal Oswal Alternates (MO Alts), formerly Motilal Oswal Private Equity, has invested INR 2.2bn (USD 28m) in India’s Asian Footwears, which produces several shoe brands.
MO Alts said it was taking a significant minority stake in the business. It comes a week after the investor confirmed the closing of its fourth flagship growth fund with INR 45bn in commitments and a special...
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