AnirudhLaskar
Stories by AnirudhLaskar
Ahead of IPO road show, embedded value of India’s LIC estimated at $150b
LIC has initiated talks with several pension funds to join as anchor investors in the IPO.
India: Birla Group chief may infuse at least $150m into Vodafone Idea
Vodafone Group may also invest using proceeds from a planned stake sale in Indus Towers.
India: Zee-Sony merger may have the backing of LIC
LIC’s vote is crucial for the Zee-Sony merger deal because LIC owns nearly 5% of Zee.
India: B2B marketplace Udaan looks to raise $540.5m to fund growth
The fundraising will value the startup at $4.5-5 billion.
India’s market regulator may allow PE firms to sponsor mutual funds
An entity with a stake of 40% or more in an asset manager is its sponsor.
Indian edtech unicorn Byju’s looking to raise $1.5b at a valuation of $21b
China’s crackdown on online tutoring has prompted investors to look at India.
India: Billionaire Burman family set to sell 25% stake in Aviva Life
The deal may fetch the Dabur owner around $202 million as it looks to raise funds for core business.
Promoters of India’s Vodafone Idea may be open to ceding control to strategic investors
UK-based Vodafone and Aditya Birla Group are in talks with at least five investors.
Zomato said to lead $470m investment in grocery delivery unicorn Grofers
Grofers is also seeing increased interest from global investors amid soaring demand for online deliveries.
In a first, state-owned LIC may invest in Zomato’s public offer
Zomato’s valuation has surged from around $5.4b in January to over $8b in June.
