Daiwa Is Said to Take Minority Stake in Indian Wealth Manager

Daiwa Securities Group Inc. is set to acquire a minority stake in Ambit Wealth Pvt Ltd., one of India’s largest money managers, according to people familiar with the matter.

By Ryo Horiuchi · Bloomberg Markets

Daiwa Securities Group Inc. is set to acquire a minority stake in Ambit Wealth Pvt Ltd., one of India’s largest money managers, according to people familiar with the matter.