Avendus Future Leaders Fund III has acquired nearly a 1% stake in Parag Parikh Financial Advisory Services for around Rs 140 crore through a secondary transaction, backing one of India's largest mutual fund houses.

The fund’s latest investment is a Rs 140 crore secondary purchase of promoter shares in Parag Parikh Financial Advisory Services (PPFAS).

Avendus Future Leaders Fund III has acquired nearly a 1% stake in Parag Parikh Financial Advisory Services for around Rs 140 crore through a secondary transaction, backing one of…