IndusInd International Holdings (IIHL), backed by the Hinduja Group, seeks to raise ₹800 crore from Standard Chartered and other funds for a 60% stake acquisition in Invesco Asset Management (India). The deal awaits final approval from SEBI. A borrowing rate target of 11-12% is aimed, but private credit investors may find it unattractive.
from Banking/Finance-Industry-Economic Times https://ift.tt/0ISBR8m
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