Mubasher: Investcorp on Wednesday announced launching its business in India through its acquisition of IDFC Alternatives Limited, a unit of IDFC Limited.
The deal, which is expected to be closed on Thursday, 31 January, is considered part of Investcorp’s expansion strategy in Asia, the Bahraini investment firm said in a statement.
This acquisition is also forecast to allow Investcorp to implement major investments in the Indian real estate sector.
“IDFC is a well-recognised brand and a fantastic addition to Investcorp’s portfolio from an investor perspective,” Investcorp’s executive chairman Mohammed Alardhi said.
The rise in incomes coinciding with robust growth and stable policies including reforms like the national Goods and Services tax regime “make India particularly attractive for investment,” Investcorp’s Co-CEO Rishi Kapoor stated.
IDFC Alternatives’ real estate sector, which is led by Ritesh Vohra, manages two funds that provide structured senior credit solutions in India’s residential real estate industry, with a major focus on projects.
IDFC Alternatives also owns two other funds, whose investments are focused in the telecom, media, food, financial services, healthcare, consumer products, and agriculture sectors.
