Nomura, Mizuho are leading bidders for one of India's biggest investment bank

Nomura Holdings and Mizuho Financial Group are leading bidders for KKR's 63% stake in Avendus Capital, one of India's largest investment banks. KKR seeks at least $400 million for its stake. The sale process is ongoing, with multiple bids under evaluation and Rothschild & Co. appointed as the sell-side advisor.