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A consortium of investors completed the acquisition of a minority stake in Avalon Technologies for $47m.

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Service Providers

Khaitan & Co

legal advisors

Khaitan & Co

or

Principals

AVALON TECHNOLOGIES

target

AVALON TECHNOLOGIES

NOMURA HOLDINGS INC

bidder

NOMURA HOLDINGS INC

GOLDMAN SACHS ASSET MANAGEMENT

bidder

GOLDMAN SACHS ASSET MANAGEMENT

ADITYA BIRLA SUN LIFE INSURANCE COMPANY

bidder

ADITYA BIRLA SUN LIFE INSURANCE COMPANY

HDFC LIFE

bidder

HDFC LIFE

FRANKLIN FINANCIAL CORPORATION

bidder

FRANKLIN FINANCIAL CORPORATION

ASHOKA INDIA OPPORTUNITIES FUND

bidder

ASHOKA INDIA OPPORTUNITIES FUND

HDFC MUTUAL FUND

bidder

HDFC MUTUAL FUND

WHITEOAK

bidder

WHITEOAK

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