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GENESIS ASSET MANAGERS
The alchemist of Bengaluru: Kiran Mazumdar-Shaw began from a garageKiran Mazumdar-Shaw has named her niece Claire Mazumdar as successor, setting up a gradual leadership transition at Biocon. A pioneer who b...- Global investor Permira makes India foray with $100 million investment in SILAPermira has entered India with a $100 million investment in SILA, acquiring a 40% stake and valuing the company at $250 million. The deal i...
- Genesis Global Capital seeks to recoup over $600 million unpaid loans from DCGGenesis said recovering the unpaid sums would offer a "significant benefit" to its bankruptcy estate, but that DCG is "wrongfully in posses...
- Crypto lender Genesis, parent firm DCG reach in-principle deal with creditors: court filingGenesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring p...
- Crypto group DCG says bankrupt unit Genesis' creditors renege on dealDCG, a conglomerate in the digital asset space, had been looking to sell Genesis to repay some of the $3.4 billion, at a minimum, it owes c...
- Grayscale would appeal lawsuit against SEC if court rejects case, CEO saysAs Grayscale awaits a court ruling on a June lawsuit against the SEC, CEO Michael Sonnenshein said he was prepared to appeal if the court b...
- Crypto lending teeters on brink of extinction after Genesis collapseThis will make the market and its practices look more similar to lending in traditional markets, including rules on how much collateral mus...
- Lending unit of crypto firm Genesis files for US bankruptcyGenesis Global Capital, one of the largest crypto lenders, froze customer redemptions on November 16 after FTX stunned the financial world ...
- Crypto empire DCG faces US investigation over internal transfersProsecutors have started requesting interviews and documents, one of the people said. The Securities and Exchange Commission is also conduc...
- Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuitThe fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...
- Crypto broker Genesis owes Gemini's customers $900 million: reportCrypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month's failure of Sam Bankman-Fried's FTX cryp...
- US crypto broker Genesis says it is working to avoid bankruptcy filing"Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing," a Genesis spokesperson s...
- FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys sayIn the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platfo...
- Crypto broker Genesis taps insider as interim chief, cuts jobs by 20%Islim is replacing Michael Moro, who is stepping away from the CEO role effective Wednesday, the company said.
- NCLT admits insolvency plea against Genesis ResortsThe division bench of judicial member Bhaskara Pantula Mohan and technical member Rajesh Sharma restrained the company and its promoters fr...
- Genesis Asset offloads Rs 408-crore worth shares in Pidilite IndustriesGenesis Asset Managers LLP, which had 6.10 per cent stake earlier, brought down its shareholding in the company to 4.99 per cent by selling...
- Genesis Asset sells 2% stake in Ambuja Cement for Rs 646 croreBased on the closing price of the stock on September 2, at Rs 210.45 apiece, the transaction is estimated to have been valued at Rs 646.96 ...
- SKS Mocrofinance hits lower circuit, down 5%SKS Microfinanace Ltd has hit the lower circuit filter of 5% at Rs 316.95.Negative news continues to flow in the stock.
- Pramod Bhasin resigns from SKS Microfinance boardHowever, the country's largest and only listed micro finance company SKS did not immediately give any reason for the resignation.
- Genesis hikes stake in SKS Microfinance to 5.06 pcUK-based Genesis Asset Managers has raised its holding in India's only listed micro finance company SKS Microfinance to over 5 per cent.
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