Mizuho Financial Group Acquires Majority Stake in Avendus Capital to Expand India Presence

Mizuho Securities acquires a 60% stake in Avendus Capital from KKR for $523 million, aiming to expand its financial services in India. Avendus will operate as a Mizuho Securities subsidiary, retaining its brand. The deal awaits regulatory approvals, with Ranu Vohra remaining until completion.