Buenos Aires – Aarna Holdings Ltd., an investment fund that manages capital from India and United Arab Emiratessealed this week an alliance with the Werthein Group to start investing in Argentina and in Latin America, as confirmed to Bloomberg Línea by the Argentine holding company.
The Indian fund had liquidity of approximately US$2 billion as of April this yearas reported by this media through sources with direct knowledge of the matter, and who requested confidentiality.
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“With more than 100 years of experience in the Latin American market, Grupo Werthein has become the partner chosen by Aarna Holdings to promote trade and investment between India and Latin America”, the companies stated in a joint statement.
The alliance will aim to promote “the entry of Asian capital into Latin America and projecting Latin American businessmen towards the market” of India in the medium and long term. Aarna’s investments will be concentrated in the sectors of agribusiness, food and beverage, telecommunications, connectivity, insurance, financial products and real estateamong others.
Werthein Group is known mainly for managing, through the company Vriosatellite television brands DirecTV and Sky in the main markets of the region. It also has companies dedicated to food and beverages, such as Cachamai and Frutty; to agribusiness, as is the case of GNNW Agro and Livestock; and safe, with Expert.
The holding’s leadership is made up of Darío, Adrián, Daniel and Lucas Werthein.
At the moment, Aarna has investments in India, the United States, Europe and Asia, while its president, Ameya Prabhu, president of the Indian Chamber of Commerce (ICC).
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Sources with knowledge of the agreement assured Bloomberg Línea that Prabhu chose the Wertheins based on their portfolio in telecommunications, banking, agribusiness, food and beverage, and technology.
Besides, The Indian fund is especially interested in the equity markets. Brazil, Argentina and Colombia. The agreement could materialize the first large investments in the first quarter of 2025, for between 300 and 500 million dollars.
In addition, they have expressed their interest in making investments in the markets of Chile, Ecuador and Uruguay.
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The trajectory of the Indian fund Aarna
Among the largest investments already made by Aarna are Infosys, an Indian information technology company; Reliance Industries, an energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media and textiles conglomerate; Sun Pharma, an Indian pharmaceutical company; Tata Consultancy Services, an Indian information technology services company; and Adani Group, a diversified organization comprising 10 listed companies.
In 2022, Indian overseas investments reached a total of US$21.9 billion, 37% more than the previous year.
The Foreign Minister of India, Subrahmanyam Jaishankar, assured in August 2023 that the Asian country has the specific objective of increasing its presence in Latin America and the Caribbean, in an attempt to expand its sphere of influence over spaces already explored by China. .
