Private equity firm Amicus Capital has invested Rs 125 crore in Equirus Group for an undisclosed stake. Federal Bank has taken a partial exit.
The investment is a combination of primary and secondary purchase of sales.
The new investors include Kishor Patil, Ajai Kumar, N Sivaraman, Yagnesh Dosshi, Krishna Jha, Anand Archak, Abhishek Goyal, Badri Mohapatra, Shankar Valiya, and Deepak Singhal.
The money raised will be used for capital expansion, technology investments, talent acquisition, operational improvements, and risk management.