Font Size

- Aa +

Wed 5 Dec 2018 05:31 PM

Font Size

- Aa +

Bahrain's Investcorp eyes $1bn foray into India

CEO Rishi Kapoor says investment firm is looking at healthcare, real estate lending, student loan financing, insurance, online lending, and fintech platforms

Bahrain's Investcorp eyes $1bn foray into India
Investcorp's foray into the Indian market is part of the firm’s expansion strategy.

Bahrain-based Investcorp is reportedly looking to invest up to $1 billion in India over the next 5-7 years.

CEO Rishi Kapoor told BloombergQuint that the company will start evaluating investment opportunities in the country early next year.

“We would look to grow that through an additional investment activity to about a billion-and-a-half dollars,” Kapoor was quoted as saying, adding that the company is looking to invest a billion dollars over the medium term.

He said the investment firm is eyeing acquisition opportunities in specialised healthcare, real estate lending, student loan financing, insurance, online lending, and fintech platforms.

Its foray into the Indian market is part of the firm’s expansion strategy, said Kapoor.

He added that Investcorp intends to double its assets under management to $50 billion in 5-7 years and plans to invest in new markets such as Japan and China.

For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.