Initially, this proposed transaction will give an exit to a few minority shareholders - family members who own about 20% stake in the parent company MTL. Besides the secondary stake sale, about 5-10% primary shareholding will be sold to meet expansion plans, sources aware of the initiative told ET.
Paytm will scale down its Postpaid business as recent regulatory hurdles have prompted a strategy rethink at the payments firm. This and more in today s ETtech Top 5.
Ranjan Pai-led Manipal Group’s arm Manipal Technologies is set to raise funding by bringing in a new financial partner into the family-owned business, a media ..