Qatar Investment Authority May Acquire Minority Stake In Violet Arch
by Irfan Khan
Qatar Investment Authority may acquire a minority stake in Violet Arch Capital Advisors, according to BS.
Violet Arch provides I-banking, Securities Trading, Research, Funds Management and other related products to institutional, corporate, and high net worth clients.
Violet Arch started its operations by acquisition of Alchemy Shares & Stock Brokers from its promoters and Rakesh Jhunjhunwala. Recently, it partnered with Berenson & Co, a New York-based leading merchant bank, as a strategic investor by selling around 7% stake.
Freudenberg Filtration Technologies India Private Limited has acquired Pune based Pyramid Filters Private Limited.With this deal, Freudenberg Filtration will be able to add new products to its portfolio.
APL Logistics Ltd, a wholly owned subsidiary of the Singapore based container shipping company Neptune Orient Lines, has acquired the 24% stake held by its JV partner, HIPE Transportation Infrastructure Ventures, in India Infrastructure & Logistics Private Limited for a consideration of $10 Mn (c.R60 Cr).