By 21 August, 2008

Ambit Holdings Pvt. Ltd., Ashok Wadhwa’s financial services arm, has appointed Nikhil Puri as the Managing Director for . Ambit Corporate Finance is a mergers and acquisitions advisory firm. Puri was previously working as Managing Director in the Global Industries Group. There his work involved accomplishing client and coverage related responsibilities across the healthcare, specialty chemicals and FMCG sectors. Puri has spent the last 12 years working with leading global investment banks such as Lehman Brothers and Bear Stearns.

Ambit Corporate Finance was the advisor to Balaji Telefilms on its recent agreement with Star Group. It has also advised on various other deals such as Patni stake sale, DHL’s acquisition of Blue Dart, Bharti Televentures acquisition of Hexacom, among others.

Ambit Holdings Pvt Ltd. also runs a $100 million private equity fund called Ambit Pragma Ventures Pvt. Ltd, which is focused across five sectors - entertainment and leisure, health care and wellness, logistics, infrastructure services and branded food.

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