India’s Multiples Alternate buys minority stake in APAC for $34.7 mln

12/15/2018 8:49:00 AM (GMT)

Mumbai-based private equity firm Multiples Alternate Asset Management Pvt. Ltd announced that it has purchased a minority stake in APAC Financial Services, a non-banking financial company.

Multiples, expecting to join the board of APAC, has infused 250 crore rupees ($34.7 million) into APAC Financial Services.

An additional $20.8 million has been invested in APAC by its founder and leadership team.

After the fundraising, Multiples holds a 37 percent stake in APAC Financial Services.

Multiples Alternate Asset Management Pvt. Ltd.

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