Ambit, Daiwa raise Rs 1,500 crore from Japanese investors

In 2023, Japan's Daiwa Securities Group acquired a 23% stake in Ambit, the holding company. The Japanese firm subsequently picked up stake in Ambit Finvest the NBFC arm. According to Wadhwa, the ongoing market correction is highly favourable for thematic and long-term investing, and Ambit aims to raise $1 billion over the next 3-5 years from this fund.