Updated Jan 07, 2021 | 13:51 IST
TVS Capital has closed a rupee-only capital fund from high net worth individuals, family offices and domestic financial institutions, with a total asset under management of Rs 2,000 crore. (Representative Pic) | Photo Credit: iStock Images
Bengaluru: TVS Capital has closed a rupee-only capital fund from high net worth individuals, family offices and domestic financial institutions, with a total asset under management of Rs 2,000 crore, in a sign that more domestic investors are embracing riskier asset classes that invest in the new economy.
While 45 per cent is from 35 leading Family Offices. 26 per cent is from HNIs, top corporate executives and seasoned entrepreneurs such as Infosys co-founder Kris Gopalakrishnan, Mindtree co-founder KK Natarajan and former Cognizant CEO Lakshmi Narayanan. The domestic financial institutions and insurance companies who contributed to the Fund include Sidbi, Nabard, HDFC L
Aphria, Tilray Combine to Create Biggest Cannabis Company 980waav.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 980waav.com Daily Mail and Mail on Sunday newspapers.
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Tilray and Aphria agreed to combine their operations, forming a new giant in the fast-growing cannabis industry.
The all-stock deal, which puts together two of the market s best known names, will create an entity with an equity value of about C$4.8 billion ($5 billion), according to a statement and interviews with Tilray and Aphria leaders. The combined group s 12-month sales of C$874 million surpasses that of industry leaders such as Curaleaf Holdings and Canopy Growth.
Tilray shares are up more than 24 per cent after the deal.
Credit:AP
The new company will keep Tilray s name and trade under its ticker on the Nasdaq, and Aphria shareholders will own 62 per cent of Tilray s stock under the terms of the transaction, which was characterised as a reverse acquisition of Tilray. Ontario-based Aphria will pay a 23 per cent premium to Tilray s December 15 closing price of $US7.87.
Aphria, Tilray Combine to Create Biggest Cannabis Company
Bloomberg 12/16/2020 Tiffany Kary
(Bloomberg) Tilray Inc. and Aphria Inc. agreed to combine their operations, forming a new giant in the fast-growing cannabis industry.
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The all-stock deal, which puts together two of the market’s best known names, will create an entity with an equity value of about C$4.8 billion ($3.8 billion), according to a statement and interviews late Tuesday with Tilray and Aphria leaders. The combined group’s 12-month sales of C$874 million surpasses that of industry leaders such as Curaleaf Holdings Inc. and Canopy Growth Corp.
The new company will keep Tilray’s name and trade under its ticker on the Nasdaq, and Aphria shareholders will own 62% of Tilray’s stock under the terms of the transaction, which was characterized as a “reverse acquisition of Tilray.” Ontario-based Aphria will pay a 23% premium to Tilray’s Dec. 15 closing price of $7.87.