News From Press Bajaj Capital to sell 40% stake to HK's Mosaic Capital Asia

Bajaj Capital to sell 40% stake to HK's Mosaic Capital Asia

Source: Economic Times Mar 29, 2017

Bajaj Capital, an investment service company, is close to raising funds by selling a 40% stake to Hong Kong-based Mosaic Capital Asia in a transaction that may value the company at Rs. 600 crore, according to two people involved in the deal.

“We have signed a term sheet with Hong Kong-based private equity firm Mosaic Capital for a significant minority stake in the company,“ said Rajiv Bajaj, managing director. “We needed fresh thinking so we have invited a global expert on board.“

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