trending Market Intelligence /marketintelligence/en/news-insights/trending/U7Nq4LkAyaPVdDt2yp-Drg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Multiples Alternate Asset Management acquires 37% stake in Indian NBFC

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Multiples Alternate Asset Management acquires 37% stake in Indian NBFC

Mumbai-headquartered Multiples Alternate Asset Management Pvt. Ltd. acquired a 37% stake in Indian nonbanking financial company APAC Financial Services Pvt. Ltd., Mint reported Dec. 14, citing a top Multiples Alternate Asset Management executive.

APAC Financial commenced operations in June and focuses on affordable housing and providing credit to the underserved and underbanked micro, small and midsize enterprises.

Financial details of the transaction were not disclosed. However, the private equity firm was said to have invested 2.5 billion rupees in the nonbanking financial company, as well as another 1.5 billion rupees of fund infusion from APAC Financial's founder and leadership team, two people aware of the development said.

Following the acquisition, APAC Financial's total capital amounted to 4 billion rupees.

In addition, Nithya Easwaran will join the board of APAC Financial.

As of Dec. 14, US$1 was equivalent to 71.93 Indian rupees.