Avendus Future Leaders Fund III invests Rs 140 Cr in PPFAS, eyes Rs 1,800 Cr final close

Short summary

Avendus Future Leaders Fund III invested Rs 140 Cr in Parag Parikh Financial Advisory Services via a secondary share purchase from promoters. The fund has deployed 30% of its capital and plans five to six more investments over the next year, targeting a Rs 1,800 Cr final close.

• •Avendus invests Rs 140 Cr in PPFAS via secondary share purchase
• •Fund has deployed 30% of capital, targets Rs 1,800 Cr final close
• •Expects 5-6 more investments over the next year

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