The Hindu Business Line

Ambit ties up with Daiwa for M&A


Investment bank Ambit Pvt Ltd on Friday said it has formed a strategic business alliance with Daiwa Securities Group Inc for mergers and acquisitio­ns advisory services in the Indo-Japan corridor. “We are excited to collaborat­e with Daiwa, the leading investment banking firm in Japan. India has been the most favoured nation for Japanese businesses,” Ambit Pvt Ltd Group CEO Ashok Wadhwa said. With a cumulative equity FDI of ₹1.3 lakh crore during April 2000 to September 2016, Japan is the third-largest source of equity FDI for India over this period and the trend is expected to accelerate going forward, a company release said.

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