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Bharti to Secure 24.5% Stake in BT for $4 Billion, Becoming Top Shareholder
Bharti Global, the international investment arm of Bharti Enterprises, has acquired 9.99% of BT Group with immediate effect from Patrick Drahi's Altice and will buy the remaining shares once regulatory clearances are received. The valuable consideration of the deal was not stated, but industry experts estimate it to be about $4 billion, given that BT is valued at roughly $15 billion.
Amazon India Country Manager Manish Tiwary Steps Down
It also reiterated that Amit Agarwal will continue to actively participate with the Amazon.in team in his capacity as senior vice president for India and emerging markets. Amazon said it has India as an important focus area, is very excited about what has been covered so far, and is optimistic for more opportunities to innovate and invent into the future for its customers.
Dezerv Secures $32 Million Funding Round with Premji Invest Leading
"India's creators of wealth will grow their wealth by nearly $1.2 trillion in five years, growing at 14 per cent CAGR," says Sandeep Jethwani, Co-Founder, Dezerv.
Indian FMCG Sector Sees Mergers & Acquisitions Surge to $938 Million in First Half of 2024
Terming it the "smoking gun" in the controversy over Adani's stock sale, Jethmalani zeroed in on Anla Cheng, Kingdon's wife and a known entity with Chinese connections in the US. Jethmalani accused the couple of using Kotak Mahindra Investments Limited to create an offshore account for trading Adani shares and earning huge profits by short selling them.
Raymond Shareholders Back Gautam Singhania's Continued Role as CMD
"The company's shareholders, at its AGM held on June 27, approved the re-appointment of Singhania," Raymond Ltd said in a regulatory filing, adding that the AGM commenced at 3 pm and concluded at 4.05 pm.
India Inc. Expected to Maintain 15-18% Operating Profit Margin in Q1 FY25: Report
According to Kinjal Shah, Senior Vice President and Co-Group Head–Corporate Ratings at ICRA Limited, " Fourth quarter of FY2024 has seen 5 percent year-on-year and 6.3 percent sequential growth in revenue for corporate India." He mentioned that such stellar growth is witnessed on the back of strong demand witnessed across consumer-facing sectors like airlines, hotels, automobiles, and FMCG segments. Power and construction sectors also showed excellent growth.
Oyo Plans $125 Million Funding Round, Valuation Set at $2.5 Billion: Report
"Fresh fundraise of about $100 million to $125 million that slashes its valuation to $2.5 billion".
Lenskart Raises $200 Million from Temasek and Fidelity, Reaching $5 Billion Valuation
With this, the company, founded by Peyush Bansal, has raised close to $1 billion in the last 18 months. According to Avendus Capital, the startup's financial advisor, this is one of the largest rounds at this growth stage anywhere in the world.
IvyCap Ventures Successfully Concludes 'Fund III' at Rs 2,100 Crore
This latest fund, ‘Fund III’, is earmarked to back approximately 25 companies at the Series A level, with initial investments averaging between Rs 30-50 crore.
P&G India Names Kumar Venkatasubramanian as New CEO
This transition marks the departure of LV Vaidyanathan, who, after dedicating 28 years of service to P&G, will be moving on to pursue other endeavors, as stated in an official announcement.
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