Mauritius News
Carlyle bets on Indian brokerages
Says consolidation inevitable in sector, sees big returns ahead; other observers believe likewise. Indian brokerages are facing a drop in cash market volumes and reduced investor appetite. However, this has not deterred Carlyle, the private equity giant, from betting on some of the biggest names in the industry, as it expects a windfall from a possible consolidation. In the recent past, Carlyle acquired
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