
Aditya Birla Fashion to raise ₹2,195 crore from GIC
GIC will own around 7.5% equity stake in ABFRL after the investment.
GIC will own around 7.5% equity stake in ABFRL after the investment.
The acquisition of IDFC Mutual Fund by a consortium of Bandhan Financial Holdings, GIC, and ChrysCapital indicates a new trend of international funds eager to get a piece of the Indian capital market.
The acquisition will be the largest deal in the Indian asset management industry to date.
Ever since FDI restrictions were lifted in 2005, the investment flow has been over $25 billion—70% of which has come between 2015 and 2019. Now, 2020 is also expected to be an action-packed year.
The easiest way to meet or even exceed the disinvestment target is for the government to reduce its stake to 49% in various central public sector units.
Chandra’s resignation as Zee’s chairman marks the end of an era in which he pioneered the growth of private sector broadcast TV in the country. He will remain a board member.
Women are afraid to take risk in fear of destabilising the family.
Heading the country’s largest reinsurer is no walk in the park.But Alice Vaidyan makes it seem surprisingly simple.