Walmart plans to spin off PhonePe from Flipkart
The proposed demerger will coincide with PhonePe's ongoing fund raising plan of about a billion dollar through primary and secondary sale of shares.
Arun Kumar
PTC eyes exit from non-core businesses to raise Rs 2,000 crore
PTC India is promoted by stateowned power utilities NTCP, Power Finance Corporation, NHPC and Power Grid Corporation of India.
DLF sells 9 acres to American Express for Rs 300 crore
The deal, at a little over Rs 32 crore an acre, is the costliest transaction in the neighbourhood that is about 16 km away from DLF Cyber City.
SBI cards gets 17 bids from merchant banks for Rs 8-kcr IPO
It will be the first pure play credit card company to be listed in India.
TPG in early talks to buy Coffee Day Global
Company houses chain of 1,750 stores, 600 Value Express kiosks; deal unlikely to include 60,000 vending machines.
Max Financial in talks to sell 10% stake for Rs 1,200cr
Hero Corp leads the race; Founding member Analjit Singh in talks to raise as much as Rs 1,200 cr
Radiant Life Care rejigs board of directors and leadership team
In the first part of the deal, Radiant Life Care had acquired 49.7% stake in MHIL for Rs 2,136 crore from South African firm— Life Healthcare.
Yes Bank launches QIP to raise $285 million
The bank has been plagued by asset-quality woes.
Ebix, MakeMyTrip in race for Cox & Kings
Far & Wide Talks are on with Cox & Kings promoter Peter Kerkar and 21% stakeholder Yes Bank; valuation depends on lenders’ haircut.
Vodafone Idea to get Rs 6,000 cr from Indus Towers exit
Vodafone Idea is looking at generating funds from various avenues, including a Rs 25,000 crore rights issue in the June quarter.
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