Latest Updates Around The World
Shares of Manappuram Finance fell 10% intraday to hit the day’s low of aRs 278.55 on the NSE, following a Reuters report saying India’s banking regulator has raised objections to Bain Capital’s plan to acquire a majority stake in the company.The Reserve Bank of India has expressed reservations, saying the U.S. company has a controlling […]
Ambit Global Private Client (Ambit GPC), the investment manager of Poonawalla Vision Fund I (PVF I), has completed the final close of the fund at approximately Rs 1,000 crore. Strong investor interest led to oversubscription within three weeks of opening to external capital.Ambit GPC, which has a presence in India’s private markets, has deployed Rs […]
Motilal Oswal Alternates, the private equity arm of Motilal Oswal Group, collected $ 800 million in the first closure of its latest vehicle, India Business Excellence Fund V (IBEF V). The fund has a hard limit of $ 950 million, making it the largest PE vehicle in the company so far. The new fund attracted […]
