*Mizuho to Buy Major Stake in Avendus for $700 Million* Japanese financial group Mizuho is planning to buy a large part (up to 70%) of Indian investment bank Avendus from American private equity firm KKR. The total value of the deal is around $700 million (about ₹6,000 crore). • Mizuho’s CEO, Masahiro Kihara, will visit India soon to finalize the deal and attend official events. • The deal took several months and involved long negotiations with twists and turns. • Avendus is a well-known Indian financial company with: • Total assets of ₹3,233 crore • Total income of ₹1,035 crore • Profit (PAT) of ₹170 crore (as of April–Dec 2024) • Another global firm, Carlyle, was also interested but didn’t win the deal. • This will be Mizuho’s biggest investment in India, showing how Japanese financial firms are becoming more interested in the Indian market.