Poonawalla Fincorp net profit jumps 5 times to Rs 860 croreProfits were helped by a gain of '2,309 crore due to the sale of Poonawalla Housing Finance to TPG Global LLC, which was approved by the Re...
21 Oct, 2023, 07.01 AM IST
Poonawalla Housing Finance to be sold to Perseus SG Pte Ltd for Rs 3,900 croreThe decision was in line with the company's plan to focus on consumer & MSME financing. The Poonawalla Fincorp board approved the deal Wedn...
14 Dec, 2022, 09.17 PM IST
Private equity behemoth TPG aims for over $9 bn valuation in US IPOTPG would raise about $877.6 million at the top end of the range. Its existing investors plan to sell roughly 5.59 million shares, the proc...
04 Jan, 2022, 09.48 PM IST
Airtel Africa to sell 7.5% stake in mobile money unit to QIA for $200 millionInfusion by Qatar’s sovereign wealth fund will happen via one of Airtel Africa Plc's wholly-owned arms, Airtel Mobile Commerce BV (AMC BV),...
31 Jul, 2021, 11.04 AM IST
CCI approves Google picking up 7.73% stake in Jio PlatformsThe lawsuit came at a time when Indian startup founders had approached the CCI and the Ministry of Electronics and IT (Meity), complaining ...
11 Nov, 2020, 07.33 PM IST
Jio Platforms receives over Rs 30,062.43 cr from 4 investors11 global investors are buying a total 25.09% stake in Jio Platforms for Rs 1.18 lakh crore.
11 Jul, 2020, 09.39 PM IST
CCI okays Facebook's investment of Rs 43,574 crore in Jio PlatformsOn April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-...
25 Jun, 2020, 07.23 AM IST
- Carlyle MD Devinjit Singh steps down, set to launch $250 million fund
Indian PE industry has seen the exits of several executives in senior levels of managing directors or partners at global funds who are purs...
19 Jun, 2018, 04.01 PM IST
Max, Exide Life shortlisted for IDBI Federal stake saleIDBI Bank owns 48% stake in the company and plans to sell its entire holding. Federal Bank and Ageas are the other shareholders in the insu...
01 May, 2018, 12.50 PM IST
TPG's Trujillo goes from investor to fixer atop troubled UberStakes are high as San Francisco-based Uber seeks to rebuild its culture after a series of harassment and discrimination allegations led to...
24 Jun, 2017, 11.05 AM IST
Tillman Global looks for new partners as TPG may not back Reliance Communications’s tower dealSources said TPG's reluctance to agree to the higher valuation has led Ahuja, to reach out to others.
18 Mar, 2016, 04.46 AM IST
Fitch affirms RCom long-term foreign, local currency ratings at BB-Rating agency Fitch affirmed Reliance Communications’ long-term foreign-and local-currency issuer default ratings (lIDR) of 'BB-', indicati...
02 Mar, 2016, 07.01 PM IST
Reliance Communications tower sale deal with Tillman Global extended by 15 daysThe mobile tower sale deal of Reliance Communications with private equity firm Tillman Global Holdings LLC and TPG Asia, which was to close...
14 Jan, 2016, 10.08 PM IST
Tower business sale to improve RCom's financial profile: Moody'sReliance Communications' deal to sell its tower business, when consummated, will substantially improve the telecom major's financial profil...
07 Dec, 2015, 09.54 PM IST
Money-guzzling tech startups like Uber, Snapchat ripe for fall?Hedge funds and mutual funds are flocking to the market's hottest corner, paying 15 to 18 times projected sales in private-funding rounds, ...
24 Mar, 2015, 04.39 AM IST
Bain Capital sues EY over $60 million loss in Lilliput KidswearBain alleges that it invested around $60 million in Lilliput in May 2010 for a non-controlling 30.99% stake, based on false financial state...
14 Jun, 2014, 03.49 AM IST
- Shriram Transport Fin to raise Rs 600 cr through pref issue
Shriram Transport Finance, (STFC), the largest asset financing NBFC in the country, said it would be raise Rs 600 crore ($150 million) thro...
14 Nov, 2007, 05.03 AM IST