TOKYO — Japan’s Mizuho Financial Group plans to acquire major Indian investment bank Avendus Capital, looking to establish a foothold in the country’s growing capital market and expand its overseas investment banking business.
Mizuho intends to buy more than 60% of Avendus shares currently held by U.S. investment group KKR and others. The Japanese financial group obtained exclusive negotiating rights to the Avendus shares being sold by KKR after a bidding process.
