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Apax Partners raises stake in non-bank lender

By Ranjani Raghavan

  • 09 Jul 2018
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Apax Partners raises stake in non-bank lender
Credit: Thinkstock

Private equity firm Apax Partners has acquired an additional stake in a non-bank finance company, becoming the top institutional investor in the South Indian lender.The PE firm acquired a 3% stake in Kerala-based gold loan company Manappuram Finance Ltd for around Rs 270 crore (almost $40 million) on Monday. This ......

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