Ambit Asset Management: Ambit, Daiwa raise Rs 1,500 crore from Japanese investors

Mumbai: Ambit Asset Management, in partnership with Japan’s Daiwa Asset Management, raised ₹1,500 crore from Japanese retail investors through its GIFT City vehicle. Ambit which had earlier sold its alternative investment fund (AIF) business to Edelweiss in 2016, is now looking to double up on…