India: Ambit's NBFC unit raises $83m from Japan's Daiwa, others

India: Ambit's NBFC unit raises $83m from Japan's Daiwa, others

Ambit Group CEO Ashok Wadhwa

Ambit Finvest Pvt. Ltd., a non-banking financial company (NBFC) under the Ambit Group, on Tuesday said it has raised Rs 690 crore ($83 million) from Japanese brokerage and investment bank Daiwa Securities Group, its parent company, and existing investors.

Edited by: Joymitra Rai