Home / Business and Economy / Daiwa Invests $32M in India's Ambit Wealth
Daiwa Invests $32M in India's Ambit Wealth
4 Dec
Summary
- Daiwa Securities to invest $32 million in Ambit Wealth.
- Investment aims to expand Ambit GPC's client experience and reach.
- Deal strengthens Indo-Japan financial corridor collaboration.
Daiwa Securities Group, based in Japan, is set to invest around $32 million in Ambit Wealth, a key division of India's Ambit Group. This significant financial injection underscores Daiwa's commitment to the Indian market, recognized for its strong economic growth prospects. The partnership is expected to bolster Ambit Wealth's capabilities and expand Daiwa's footprint in India.
The investment will allow Ambit Wealth, operating as Ambit Global Private Client (GPC), to enhance its service offerings, pursue strategic geographical expansion, and strengthen its workforce. Daiwa's president and CEO, Akihiko Ogino, expressed enthusiasm for deepening the collaboration with Ambit Group, highlighting past successful investments and renewed partnerships in capital markets.
This transaction builds upon a series of collaborations between the two entities, including a renewed partnership for equity capital markets and a previous investment in Ambit Finvest. The move is anticipated to further strengthen the Indo-Japan corridor, fostering greater financial integration and mutual growth opportunities between the two nations.
