Financial services provider Equirus attracts Rs.125-Cr from Amicus Capital, others

Private Equity firm Amicus Capital has invested INR 125 crore in Mumbai-based Equirus Group , a financial services firm. The other new investors include Kishor Patil, Ajai Kumar, N Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya, and Deepak Singhal.The latest investment, a combination of primary and secondary purchase of sales, will enable a partial exit for Federal Bank and some individual shareholders.Equirus offers investment banking, insurance broking and asset management services. The money raised will be deployed for capital expansion, technology investments, strategic guidance, access to new networks, talent acquisition, operational improvements, and risk management.