Mizuho Leasing Company, Limited signed an agreement to acquire 51% stake in Rent Alpha Private Limited from its current shareholders.

Mizuho Leasing Company, Limited (TSE:8425) signed an agreement to acquire 51% stake in Rent Alpha Private Limited from its current shareholders on February 3, 2023. Rent Alpha and its 100% subsidiary Capsave Finance provide equipment rental solutions, including IT equipment, office furniture, medical equipment, and plant & machinery, to both large and small to medium-sized companies. Rent Alpha will become a consolidated subsidiary of Mizuho Leasing.

The transaction is subject to regulatory approval. Radhika Gaggar, Aditi Manchanda, Gazal Rawal and Abe Abraham of Cyril Amarchand Mangaldas acted as legal advisor to Mizuho Leasing Company, Limited (TSE:8425).