Grapevine: Mizuho, NBD Emirates eye Avendus; Zepto turns to PEs after Flipkart stalemate

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Japan’s Mizuho Bank and Dubai’s NBD Emirates are in advanced talks to acquire KKR’s stake in Avendus Capital, with bids expected in 2-3 weeks, a media report said.    The deal is valued at $430-450 million (Rs 3,500-3,750 crore), below earlier anticipated valuation of $500 million. Nomura is managing the sale, The Hindu Businessline reported, citing people familiar ......