SUMMARY
- Amicus Capital, along with several other investors, has invested Rs 125 crore in Equirus Group.
- This investment marks the third round of funding for Equirus Group.
- The new funds will allow for a partial divestment for Federal Bank and certain private investors.
Private equity firm Amicus Capital, along with several other investors, has invested Rs 125 crore in financial services firm Equirus Group through a combination of primary and secondary investments, as detailed in a company announcement.
This investment marks the third round of funding for Equirus Group, following the contributions from Federal Bank in 2018.
The new funds will allow for a partial divestment for Federal Bank and certain private investors, paving the way for Amicus Capital and other new investors such as Kishor Patil, Ajai Kumar, N. Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya, Deepak Singhal, and others.
“This strategic investment is expected to open new avenues as Equirus continues to grow its investment banking, institutional equities, wealth & asset management, and insurance broking businesses,” the announcement stated.
Federal Bank will continue to hold a stake in the company, ensuring its ongoing support and participation in the company’s future growth.
“We are excited to welcome Amicus Capital to our team of investors and look forward to leveraging their expertise in the financial sector. At the same time, we are grateful for Federal Bank’s ongoing support, which has been instrumental in our journey so far,” said Ajay Garg, the managing director of Equirus Group.
