QInvest bought 25% of Indian financial advisory firm for $54 million

QInvest, a Qatari investment bank, has agreed to make a strategic investment in Ambit Group, an Indian investment banks, for a 25% stake in the firm.

India's Economic Times has reported the deal value at around $54 million. The deal, the company's first investment in India, will help Ambit expand its investment banking, advisory and private wealth businesses.

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Their full press release follows