Vistra Group acquires Ujwal Management

MUMBAI: Vistra Group has acquired Bangalore-based international business services provider Ujwal Management Services to expand its foothold in the Indian corporate and fiduciary services market. Wodehouse Capital Advisors was the sole advisor to the transaction.

"This transaction supports Vistra’s strategy to provide onshore corporate services, accounting, administration and compliance services in India to its clients globally," the group said in a release.

The acquisition is Vistra’s second transaction in India this year following its acquisition of IL&FS Trust Company in April. Vistra Group provides solutions to international corporations, trust, fiduciary and fund administration services.