Credent Asset Management Services Pvt Ltd, an associate of Oracle Credit Limited, announced today that it had completed the acquisition of a 49% interest in Essel Finance Advisors and Managers LLP (EFAM), Mumbai (Maharashtra) EFAM was established by Essel Group in 2012 and is currently managing two CAT II AIFs with an AUM of over Rs 200 Crores .
Credent Asset Management Services Pvt Ltd, an associate of Oracle Credit Limited, announced today that it had completed the acquisition of a 49% interest in Essel Finance Advisors and Managers LLP (EFAM), Mumbai (Maharashtra).Following SEBI's approval for a change of control, the acquisition forms part of a 100 percent takeover scheme.EFAM was established by Essel Group in 2012 and is currently managing two CAT II AIFs with an AUM of over Rs 200 Crores.Credent Asset Management plans to extend its presence in Alternative Investment markets as one of India's fastest-growing Financial Services entities through this acquisition.We're in the process of launching three new Alternative Investment Funds (AIF) to raise more than INR 500 crores.EFAM has developed a robust investment management platform with a robust ecosystem and a strong client base of UHNIs, Corporates, and Family offices, and we intend to leverage this platform to grow close to our asset management business.Credent has three new alternative investment funds: the Credent Special Situation Fund, the Credent Estate Multiplier Fund, and the Invicto Incrementum Fund.The Special Situation fund, which is a CAT II AIF, will mainly focus on emerging company plans to take the next leap of development and create a competitive advantage. The Invicto Incrementum Fund, a CAT III AIF, will be aimed at a long-term investment in the listed area.Credent has long believed in offering a diverse asset class to our investors in order to have a balanced portfolio, Aditya said.With India's GDP rising at a rapid rate, we think it is the perfect time for us to launch these funds to give our local & international clients another opportunity to invest in India's future growth story.We'll also be able to increase our AUM to over Rs. Over the next year, Credit Group will earn 1000 crores.Branches include Wholesale Lending, Asset Management, Investment Banking, and Real Estate Advisory.From its Mumbai and London offices, the Company attracts local and international investors.Credent Global Finance (CGF), a BSE listed, SEBI registered, and RBI regulated NBFC, provides end-to-end financial services. CGF provides strategic advisory services to its investors, who have extensive expertise and a solid financial strategy to make the right investment choices for a flourishing portfolio of financial services including:* 500+ UHNI & Family offices worldwide* AUM of INR 200 crores* Over INR 5 billion in Real Estate by 13 leading developers* Generated a 250% ROI through its PMS vertical.Contact: Vicara Chatwani-9819026976Founder-Vicara PR.(Vicara