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Mizuho on the cusp of buying majority stake in Avendus
Financial Express Lucknow
|June 12, 2025
MIZUHO FINANCIAL GROUP is on the verge of buying a majority stake in investment bank Avendus Capital Pvt, people familiar with the matter said, in what would be the latest acquisition by a Japanese bank in India.
Executives are hammering out details of a transaction that could be finalized as soon as this month and value Avendus at about $800 million, including debt, the people said, asking not to be identified because the deliberations are private.
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