Daiwa Securities partners with Ambit Finvest through a minority stake

Ambit, one of India’s premier providers of financial advice and capital, announced that Daiwa Securities will acquire a minority stake in Ambit Finvest, the systemically important Non-Banking Financial Company (NBFC) of the Ambit Group. Ambit Investment Banking acted as the exclusive advisor for the transaction.

Historically, Ambit has had a longstanding association with Daiwa, which has led to a strong relationship. Additionally, in May 2023, Ambit announced that it had partnered with Daiwa for a renewed business partnership, wherein both firms would collaborate to service global clients for Institutional Equities, as also for the Equity Capital Markets (IPO, public fund-raising & other related) business, leveraging the Indo-Japan corridor.

Now, further cementing this collaboration, Ambit and Daiwa aim to seize the growth opportunities in the expanding Indian NBFC sector to contribute to the acceleration of financial inclusion.

Ambit Finvest has been investing heavily in branch infrastructure and technology over the past couple of years, providing secured and unsecured business loans, as well as used vehicle loans, to small and medium-sized enterprises (MSMEs) in India. Under the leadership of an experienced management team, Ambit Finvest has achieved rapid growth in recent years by promoting digital transformation and leveraging its diversified geographical presence across India.

The new agreement, which was signed on March 26, 2024 will be carried out subject to completion of customary conditions precedent and obtaining regulatory approvals, as may be required. In addition, Ambit Finvest has raised equity funds amounting to INR 275 Cr from its existing shareholders/investors including Ambit.

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