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PR Ramesh, former chairman of Deloitte India, has joined VerSe Innovation, the parent company of news platforms Dailyhunt and the short-video app Josh, as an independent director, the company said in a statement on Tuesday. Key Responsibilities at VerSe At VerSe, Ramesh will also head the audit committee and will be responsible for overseeing financial reporting, internal controls, risk management, regulatory compliance, and audit functions. Strong Industry Experience He brings extensive exp ...Read More >
New Delhi [India], March 31 (ANI): Bharti Airtel announced a USD 1 billion investment in its data centre subsidiary Nxtra Data Limited, with participation from global investors including Alpha Wave Global, Carlyle and Anchorage Capital. According to Bharti Airtel's press release, the investment round will see Alpha Wave Global infuse USD 435 million, Carlyle USD 240 million and Anchorage Capital USD 35 million, while Airtel will contribute the remaining amount. Airtel will continue to retain a ...Read More >
NEW DELHI : Bharti Airtel on Monday announced an investment of $1 billion by Alpha Wave Global, Carlyle and Anchorage Capital, through their affiliates, in Nxtra Data, the telecom company's subsidiary in the data centre business.Airtel will also participate in the round as part of Nxtra's efforts to expand its network across the country and accelerate growth.As part of the pact, Alpha Wave Global will invest $435 million, Carlyle $240 million, Anchorage Capital $35 million, with the rest coming ...Read More >
New Delhi, Mar 30 (PTI) Bharti Airtel on Monday announced that its subsidiary Nxtra Data has secured investment of USD 1 billion led by Alpha Wave Global, Carlyle, and Anchorage Capital. Airtel, which will also participate in the investment round, will continue to retain a controlling stake in Nxtra. As part of the pact, Alpha Wave Global will invest USD 435 million, Carlyle USD 240 million, Anchorage Capital USD 35 million, with the rest being infused by Airtel. Nxtra will be valued around U ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Mumbai | New Delhi: Homegrown private equity firm ChrysCapital has agreed to acquire pan-India bakery chain Theobroma Foods for ₹2,410 crore, said people with knowledge of the matter. According to an agreement signed between the parties, ChrysCapital will buy around 90% stake from the company's promoters and existing investor ICICI Venture. The promoters will retain about a 10% stake, the people said. ICICI Venture holds a 42% stake in Theobroma. In 2017, ICICI Venture bought the stake for $2 ...Read More >
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