PE Funds Advent, Kedaara in discussions to acquire Sequent
The founder promoters of Sequent, including serial entrepreneur Arun Kumar, KR Ravishankar and family, together hold about 56.5% in the listed entity, while PE investor Ascent Capital holds 5% stake. JP Morgan is running the sale process.
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Smallcaps, metals will do well in next 3-4 years: Parag Thakkar
In midcaps and smallcaps, corporate governance becomes the most important cri...
I’ll shed no tears if lazy active funds die: Damodaran
The valuation guru painted a bleak picture for the active fund management industry.
BharatPe appoints Dhruv Bahl as Head of Operations
The company said he will be responsible for overall operations across merchant acquisitions, servicing, payments, lending and commerce. Bahl has previously worked at Fortis, Bain & Company, PayTM and Airtel Payments Bank and Roadzen. The company, which was launched in 2018, raised a total of $65.5 mn in two rounds of funding last year.
PhonePe allows to invest in liquid mutual funds
The all-digital product will help users grow their savings by earning higher short-term FD-like returns with the ease and liquidity of a Savings Account, the company said in a press note.
Big bubble in unlisted space? Big Bull, Ashish Chugh sound the alarm bells
The Big Bull sees a big bubble in the unofficial market for unlisted shares.
Budget likely to unveil ‘Fund of Funds’ for MSME sector
It would be modeled on the lines of FoF suggested by former Sebi chairman-headed panel on MSME.
Morgan Stanley PE unit close to buying 20% in Centrum HF
Centrum Housing Finance, which started operations in 2016, is a stepdown subsidiary of Centrum Capital, the listed group entity of Centrum. The firm reported revenue of Rs 37.64 crore in financial year 2019 compared to Rs 10.4 crore in the previous year. Its profit after tax stood at Rs 1.4 crore during the period compared with Rs 18.9 lakh in FY18, its annual report showed.
BharatPe to hire 75 product managers, engineers this year
"BharatPe is coming up with a state-of-the-art tech-hub in Delhi to house its expanded product and technology team. The company plans to hire over 75 engineers and project managers this year and thereby expand its tech team," a statement said.
Most active funds will get wiped out by ETFs & index funds: Aswath Damodaran
After a year like the last, you are less likely to see a really good year, says Damodaran.
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Ankur Capital makes first close of new fund at Rs 240 crore
The investor bringing on board British development finance institution CDC as an anchor investor in its latest vehicle.
Indian real estate attracts $5 billion PE in 2019, commercial projects lead: Report
Indian commercial real estate retained its Numero Uno position and continued be a preferred destination for global institutional investors in the backdrop of robust office space take-up, falling vacancy levels and rising rentals.
Top US hedge fund says Indian market looks difficult for 2020
The 30-share Sensex traded at a P/E of 29.10 against its five-year average of 22.70.
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