Mubadala Investment Company invests Rs 1,000 crore in Indian education-focused NBFC Avanse, marking its first investment in India's financial services sector.
Mubadala Investment Company, an Abu Dhabi-based investment firm, has invested Rs 1,000 crore in Avanse Financial Services, an Indian education-focused non-banking financial company (NBFC). This marks Mubadala's first investment in India's financial services sector and is part of its plan to double its overall exposure in Asia by 2030. The investment will enable Avanse to strengthen its position in the education financing segment by focusing on customer experiences and achieving sustained profitable growth.
March 26, 2024
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