| From Indiatimes.com: Ashok Wadhwa-promoted Ambit Corporate Finance has brought in as strategic partner Qatar’s largest investment bank — Qinvest — which will pick a 25% stake in the company. Qinvest will also invest $25 million in Ambit’s equity fund, besides helping it mobilise funds under a $150-million Shariah-compliant fund.
The Qatar-based investment bank will invest Rs 250 crore into Ambit Corporate Finance — the group’s holding- cum-operating company — valuing the business at around Rs 1,000 crore. This is one of the largest deals in a boutique investment bank in recent years........................................Full Article: Source
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