PE biggies, Kotak Bank sounded out for IIFL Wealth stake sale

Canadian billionaire Prem Watsa's Fairfax Holdings and General Atlantic (GA) are looking to sell around 34.6 % stake that they hold together in IIFL Wealth. This would be second domestic sale of such independent wealth manager in 1 year after Blackstone acquired 74% in ASK Group for $1 billion, last August.

from Stocks-Markets-Economic Times https://ift.tt/gYUhS4r
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