A private equity fund managed by JM Financial has got into a pact to acquire a significant minority stake in co-living operator Isthara Parks while Canada’s Manulife is picking up a 49 per cent stake in Mahindra ARC. Separately, Emami promoters have sold their 10 per cent stake in the company to further pare debt, and Trent is looking to issue more shares to Tata Sons.
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