Mizuho to Acquire Avendus Capital Next Week; KKR Exits for ₹6,200 Cr

• Mizuho is nearing a deal to acquire a majority stake in Avendus Capital, with a formal announcement expected soon after next week's board meeting.
• Majority shareholder KKR will fully exit Avendus at a valuation of Rs 6,000-6,200 crore (approx. $700 million).
• Other institutional investors, including Gaja Capital and Yogesh Mahansaria, are also expected to sell their shares to Mizuho.
• Avendus co-founders Gaurav Deepak and Kaushal Aggarwal are expected to continue with the company post-acquisition.
• This acquisition marks another significant Japanese investment in India's financial sector, following SMBC's investment in YES Bank.

Why It Matters: Mizuho's Avendus acquisition signals major foreign investment in India's finance sector.