ChrysCapital Picks Up 10 Percent in Au Financiers for INR1.2 Billion (Asia)

Source: Economic Times  |  Author: Arun Kumar

Indian private equity firm ChrysCapital has invested INR1.2 billion (approximately US$22.1 million) in Indian non-banking finance company Au Financiers for a 10 percent stake. ChrysCapital acquired 7 percent from Indian private equity firm Motilal Oswal Private Equity and the remaining 3 percent from the company’s founders, the Agarwal family. Au Financiers provides loans for personal and commercial vehicles, businesses and property.