Sensex 27975.86 517.22 1.88%
Nifty 8492.3 150.9 1.81%
AXA Private Equity has reportedly bought a US$1.9bn portfolio of private equity funds from Bank of America. Terms of the deal were not diclosed. The transaction, involving about 60 funds, would be the biggest ever on the secondary private equity market, the report stated. The deal follows AXA Private Equity's recent purchase of French bank Natixis's domestic private equity operations valued at around US$718mn. AXA Private Equity currently has US$25bn assets under management.
India Infoline Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.