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.
Financial consultant IFCI is planning to raise its second tranche of the proposed R2000 Cr fund raise by issuing secured, redeemable NCD. The tranche II would carry a base size of R250 Cr with an option to retain over subscription upto R790.813 Cr.