CCI clears IndoEdge's stake purchase in MG Motor India, other deals
April 2nd, 2024 23:27
The acquisition of shares in MG Motor India will grant InfoEdge India Fund 8.70% of the voting and economic rights, according to a statement by the antitrust regulator. The acquirer is a large value fund for accredited investors, a scheme by IndoEdge which is a contributory determinate trust registered with the Securities and Exchange Board of India as an alternative investment fund, it said.
TPG-backed Sai Life Sciences picks 4 I-banks; to soon kick off Rs 5,000 cr-Rs 5,500 cr IPO
April 2nd, 2024 23:27
Before switching to the listing route, TPG-backed Sai Life Sciences had explored the sale of a controlling stake in the firm and conducted a sale process, which resulted in Bain Capital emerging as the front-runner in the final leg, according to a January 25 report by Moneycontrol. But talks between both parties did not fructify into a deal
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