Fund News

Multiples PE gets Rs.500-Cr private debt from HSBC, Nomura

Private equity firm Multiples Alternate Asset Management has got about INR 500 crore of private credit to back its acquisition of a controlling stake in digital product engineering platform QBurst Software Services. HSBC Holdings Plc and Nomura Holdings Inc provided the debt, which is in the form of non-convertible debentures.

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