{"id":89410,"date":"2024-02-26T00:00:00","date_gmt":"2024-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-led-consortium-to-invest-usd-133-mn-in-indian-financial-services-company\/"},"modified":"2024-02-26T00:00:00","modified_gmt":"2024-02-26T00:00:00","slug":"mubadala-led-consortium-to-invest-usd-133-mn-in-indian-financial-services-company","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/26\/mubadala-led-consortium-to-invest-usd-133-mn-in-indian-financial-services-company\/","title":{"rendered":"Mubadala-led consortium to invest USD 133 mn in Indian financial services company"},"content":{"rendered":"

A Mubadala-led consortium is set to invest USD 133 mn into Indian ed-tech <\/strong>services provider <\/strong>Avanse Financial Services<\/a><\/strong>, Asharq Business<\/a> reports, citing an Economic Times India<\/a> report. The transaction is expected to value Avanse at INR 80 bn (USD 965 mn), and support the company\u2019s expansion plans. The outlet did not clarify the breakdown of investments among members of the consortium, nor whether the investment involves debt or equity. <\/p>\n

Who else is on board:<\/strong> India-based funds Kotak<\/a>Pre-IPO<\/a>Fund<\/a> and Avendus Future Leaders<\/a>Fund<\/a> are also participating.<\/p>\n

More on Avanse: <\/strong>Established in 2013, Avanse Financial Services provides affordable education financing for Indian students. In 2019, US-based private equity firm Warburg Pincus<\/a> acquired 80% of Avanse, with the remaining 20% owned by India-based Kedaara Capital<\/a> and the World Bank\u2019s International Finance Corporation<\/a>, according to its website<\/a>.<\/p>\n

This is Mubadala's second investment in India this month: <\/strong>The sovereign wealth fund invested a couple of weeks ago<\/a> an undisclosed amount in Indian healthcare network Manipal Health Enterprises.<\/p>\n

REMEMBER-<\/strong>Mubadala plans<\/a> to more than double its assets in Asia \u2014 including India \u2014 to 25% from the 12% currently under the fund\u2019s management, head of Mubadala\u2019s life sciences and healthcare division Camilla Macapili Languille told Bloomberg<\/a>. <\/p>\n

The UAE and India inked an investment pact in <\/strong>February<\/a><\/strong>with President Sheikh Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi signing several agreements, following news<\/a> of the government's plan to invest USD 50 bn in the country. <\/p>\n","protected":false},"excerpt":{"rendered":"

Mubadala was joined by a consortium of Indian investment funds<\/p>\n","protected":false},"author":1,"featured_media":89411,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[1360,7,25,1343],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89410","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-abu-dhabi","tag-enterpriseam-uae","tag-investment-watch","tag-mubadala","wpautop","entry"],"acf":{"mongo_id":"5b15da20-a9d3-41f5-ab1a-ebcbc9994c27","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/2\/2193.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala-led consortium to invest USD 133 mn in Indian education finance company Avanse","related_issue":[89399],"teaser":"Mubadala was joined by a consortium of Indian investment funds","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.a8fa1ce0-bd25-4ff0-8ea1-d51ba1f11175.mp3"},"yoast_head":"\nMubadala-led consortium to invest USD 133 mn in Indian financial services company - 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