Qatar bank acquires 28% stake in India's ABECL

Qatar bank acquires 28% stake in India's ABECL

ABECL’s portfolio comprises 15 exhibitions consisting of 65 events spread across 9 industry verticals, including world-class events such as ACETech.

ABECL is also a player in segments such as education, realty and lifestyle. The Indian trade exhibition market is expected to expand substantially as a result of the country's rapid GDP growth and its increasingly important role in global trade.

The proceeds from the investment will be used to further expand ABECL's operations in India and to establish an international presence.

Commenting on the deal, ABECL Chairman Surendra Mohan Gandhi said, "Partnering with QInvest will accelerate our endeavor of institutionalizing ABECL. We are delighted to be working with QInvest to benefit from their experience in helping organizations through this kind of transition."

He added, "QInvest shares our enthusiasm for the growth opportunity ahead of us. This partnership will greatly benefit all ABECL's stakeholders and help us deliver the highest standards of service to our customers."

Shahzad Shahbaz, CEO of QInvest, said, "This investment fits well into our strategy of supporting well-managed companies with strong growth potential in the MENASA region, and demonstrates our confidence in the Indian economy and our appetite to deploy capital in the country." added Shahbaz

DH Newsletter Privacy Policy Get top news in your inbox daily
Comments (+)