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.