Mizuho to Buy Major Stake in KKR-Backed Indian Investment Bank

Mizuho Financial Group Inc. is buying a controlling stake in KKR & Co.-backed investment bank Avendus Capital Pvt, marking the latest bet by a Japanese lender on India’s rapidly expanding...

By Taiga Uranaka, Siddhi Nayak, Hideki Suzuki · Bloomberg

Mizuho Financial Group Inc. is buying a controlling stake in KKR & Co.-backed investment bank Avendus Capital Pvt, marking the latest bet by a Japanese lender on India’s rapidly expanding financial services sector.