Friday, May 7

Avendus Capital: An unlikely success story of homegrown investment bank

For Avendus, the IL&FS default and the ensuing chaos in the country’s financial services sector came at a bad time. Having spent 17 years growing into one of India’s preferred investment bankers, it had decided to become a more broadbased financial services firm in 2017, taking $300 million from KKR, the bulgebracket US-based private equity firm.

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