Mizuho to Acquire Majority Stake in India's Avendus Capital for $700 Million; Motilal Oswal Enters Private Credit Market

Japan's Mizuho Financial Group is set to acquire a majority stake in Indian investment bank Avendus Capital from private equity firm KKR, valuing the deal at $700 million. This acquisition marks Mizuho's continued expansion into the growing Indian financial services market. Meanwhile, India's Motilal Oswal Financial Services is preparing to enter the private credit sector, appointing Rakshat Kapoor to lead the new venture, signaling increased activity and competition in India's financial landscape.