SEBI Approves Five Star Business Finance IPO

January 11, 2022

Non-banking financial company Five Star Business Finance had received capital markets regulator Sebi’s go-ahead to raise funds through initial share-sales. It had filed their preliminary IPO documents with Sebi in September and obtained its “observations” letter during January 3-7.   The company is backed by bunch of investors like TPG, Matrix Partners, Norwest Ventures, Sequoia

Reliance Retail to Acquire New York’s Luxury Hotel Mandarin Oriental

Reliance Retail
January 10, 2022

Reliance Industries said late Saturday that it has entered a pact to acquire Mandarin Oriental, a premium luxury hotel in New York, for an equity consideration of around $98.15 million. It is a Strategical decision by reliance to diverse its business in hospitality. The company already had investments in EIH (Oberoi Hotels)

Reliance Retail Picks Up 25.8% Stake in Dunzo

Reliance retail deals
January 8, 2022

Reliance Retail has led a $240 million funding round in quick commerce firm Dunzo, according to a statement by the company. Reliance Retail said with an investment of $200 million it will own 25.8% stake in the Bengaluru-based startup. Dunzo’s existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also

Nykaa IPO Details

October 22, 2021

includes a primary issue of stock worth as much as Rs 630 crore, and an offer for sale wherein existing shareholders will offload up to 43.11 million shares. Investors who are likely to sell stake include TPG, Light House India Fund, JM Financial, Yogesh Agencies, Sunil Kant Munjal, Harindarpal Singh