The Competition Commission of India (CCI) has approved the acquisition of certain equity share capital of Avendus Capital by Mizuho Securities Co., on a fully diluted basis.
Mizuho Securities is a subsidiary of the Japan-based Mizuho Financial Group and intends to acquire equity stakes in Avendus Capital.
Mizuho Securities maintains a global presence across four business segments including global investment banking, global markets, research, and retail and business banking. It operates in India through its subsidiary, Mizuho Securities India.
Mizuho India was incorporated in 2010 and is registered with the Securities and Exchange Board of India (SEBI) as a merchant banker.
Avendus Capital, also a SEBI-registered merchant banker, operates across India, Singapore, the USA, and the UK.
In the Indian market, Avendus Capital provides specialised services including mergers and acquisitions advisory, private equity syndication, and equity capital market solutions across six sectors including digital technology & consumer, enterprise technology & services, financial institutions group, healthcare, industrial and infrastructure
