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Creador sets the ball rolling on its fifth fund


Creador sets the ball rolling on its fifth fund
Credor has clocked profitable returns from a bunch of exits in the last few years, including City Union Bank and Somany CeramicsPremium
2 min read
Swet Sarika
The PE firm is preparing to hit the market to raise a $600-700 mn fund and is likely to tap into its existing set of investors and may rope in some new institutions as LPs
The proposed fund follows a $565 mn fourth fund, which has deployed over 3/4th of its corpus
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Creador, the South- and Southeast Asia-focused private equity firm founded by former ChrysCapital partner Brahmal Vasudevan, has set the ball rolling on its fifth fund after exhausting a large part of the corpus of its previous fund, two people aware of the development told VCCircle. ....

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Motherson Sumi enters Turkey market through acquisition of Plas Met Group


Motherson Sumi enters Turkey market through acquisition of Plas Met Group
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(Mint)
Motherson will invest in these companies through its subsidiary Samvardhana Motherson Automotive Systems Group BV
Through the recent acquisition, the Noida based company will gain a toehold in Turkey’s domestic market and will also be able to serve its European customers better
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Motherson Sumi Systems Ltd, one of the country’s biggest automotive component manufacturers, on Monday announced acquisition of 75% stake in two Turkish automotive parts manufacturing companies, Plast Met Plastik Metal Sanayi lmalat ve Ticaret Anonim $irketi.(PM-Bursa) and Plast Met Kahp Sanayi lmalat ve Ticaret Anonim $irketi (PM-Istanbul). ....

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Citibank India appoints Arjun Chowdhry as head of consumer business


Citibank India appoints Arjun Chowdhry as head of consumer business
January 18, 2021
Citi on Tuesday announced the appointment of Arjun Chowdhry as Consumer Business Manager (CBM), Global Consumer Banking (India), effective January 8, 2021.
The bank, in a statement, said Chowdhry will manage all of Citi’s consumer businesses including retail banking, wealth management, cards, and mortgages, in India.
As per the statement, digital is the most preferred channel for Citibank India’s consumer banking customer engagement, with about 75 per cent of financially active customers accessing their accounts through the bank’s online portal and mobile app, over 96 per cent transactions done via self-service. ....

Arjun Chowdhry , Consumer Business Manager , Global Consumer Banking , Citibank India , Citibank India Arjun Chowdhary , Citibank India Consumer Business , அர்ஜுன் ச Ow த்ரி , நுகர்வோர் வணிக மேலாளர் , உலகளாவிய நுகர்வோர் வங்கி , சிட்டி வங்கி இந்தியா , சிட்டி வங்கி இந்தியா அர்ஜுன் சவுத்ரி , சிட்டி வங்கி இந்தியா நுகர்வோர் வணிக ,

Citi India elevates Arjun Chowdhry as head of its consumer banking biz


Citi India has elevated Arjun Chowdhry as the head of its consumer banking business wherein he will manage the domestic retail banking, wealth management, credit cards, loans and mortgages.
The appointment is effective January 8, the local unit of the American banking major said in a statement on Monday.
Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities.
He will report to Citi India Chief Executive Officer Ashu Khullar and the banking major s head (APAC and EMEA retail ranking) Fabio Fontainha, the statement added. APAC stands for Asia-Pacific, while EMEA expands into Europe, Middle East, and Africa. ....

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