Sachin Bansal Gets CCI’s Green Channel Approval To Acquire Essel Mutual Fund
Sachin Bansal’s BAC Acquisitions (BACQ), on October 7, got the Competition Commission of India (CCI) nod to acquire Essel Mutual Funds. The application was filed by BACQ and Essel Finance Asset Management Company.
YES Bank May Raise Funds From Microsoft To Bolster Digital Banking
YES Bank is in discussion with three top technology companies, including Microsoft, to raise fresh capital, according to a media report. The private lender plans to induct one of them as a strategic shareholder to get funding and augment its digital ambitions, said two people directly linked to the discussion, the report said.
Centrum Marks First Close Of Debut Credit Fund, Bets On Chemicals Maker
Centrum Alternative Investment Managers Ltd, the alternative investment arm of Centrum Group, has marked the first close of its maiden fund at INR 155 crore (approximately USD 21.82 million at current exchange rates), the company said in a statement on Monday. Mumbai-based Centrum said it is looking to raise INR 500 crore for the Centrum Credit Opportunities Fund, along with a greenshoe option to raise another INR 250 crore.
Naukri Parent Info Edge Backs Saas-Based Payroll Management Startup Greytip
Greytip Software Pvt. Ltd, which provides cloud-based human resources and payroll management software to small and medium businesses, has raised INR 34.5 crore (USD 4.9 million) in its Series C round of funding from Info Edge (India) Ltd.