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India's private equity landscape continues to witness growing interest in financial services and asset management businesses. In a significant secondary transaction, Avendus Future Leaders Fund III has acquired a stake worth ₹140 crore in Parag Parikh Financial Advisory Services (PPFAS), purchasing just over 1% equity from promoter Neil Parag Parikh and President Khushboo Joshi.
Cult.fit has filed a DRHP with SEBI for an IPO expected to total ₹3,500–₹4,000 crore, featuring a ₹950 crore fresh issue and an OFS, aiming to capitalize on its market-leading position.
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