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IndoEdge gets CCI clearance to acquire 8 pc stake in MG Motor India devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The acquisition of shares in MG Motor India will grant InfoEdge India Fund 8.70% of the voting and economic rights, according to a statement by the antitrust regulator. The acquirer is a large value fund for accredited investors, a scheme by IndoEdge which is a contributory determinate trust registered with the Securities and Exchange Board of India as an alternative investment fund, it said. ....
Despite the regulators insistence on adhering to prescribed norms, many payment firms seem to be lax in conducting bank-grade KYCs. This and more in todays ETtech Morning Dispatch. ....
The firm had last raised Rs 100 crore in a funding round in February 2020 at an about Rs 700 crore post-money valuation. The latest funding round happened at a higher valuation, cofounder Kapil Raizada told ET in an interaction, without giving exact numbers. ....
IntrCity raises Rs 37 crore in Series C round financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.