Sensex 26419.55 59.44 0.23%
Nifty 7913.2 22.1 0.28%
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 News Service / 08:49, Aug 22, 2014
The outlook is a positive start with indices set to take initial cues from the global markets. US indices closed higher with S&P 500 at a record high. The Dow and S&P 500 added around 0.3% while Nasdaq gained marginally.