This fundraising will enable exits for the current private equity investors Morgan Stanley and BanyanTree, who collectively own a 25% stake in Nspira Management Services, a subsidiary of the Narayana group. The promoters seek complete control over the company s ownership.
The Andhra Pradesh Crime Investigation Department (AP CID) teams probing the alleged Amaravati assigned land scam on Friday conducted searches on the premises in the Hyderabad- based residences of the daughters of TDP senior leader and former minister Pongaru Narayana. The AP CID searched the residences of Puneeth Kothapa and Ponguru Sindhura, Indira, and Sharani on the