Bajaj Holdings and Investment Limited has acquired 3.06% stake in MCX by purchasing 1.56Mn shares from Passport Capital LLC.
Bajaj Holdings bought the shares at R800 a piece, a fews days before the MCX offering opened for subscription.
According to RHP filed on SEBI, Passport Capital LLC held 2.5 Mn Shares constituting 4.9% stake in MCX.
San Francisco based Passport Capital manages approximately $3.7 bn in assets. It invests in Agriculture, Basic Materials, Consumer, Energy, Financial Services, Healthcare, Capital Markets, Internet / Technology, India and Middle East & North Africa.
Sunnyvale, California-based Druva Inc., a cloud-first data protection solution provider, announced receiving $51 million in funding. This round of funding was led by existing investor Sequoia India, along with participation of new investors such as Blue Cloud Ventures, Hercules Capital, and Singapore-based EDBI. Existing investors like Japan’s NTT Finance (financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation), Nexus Venture Partners and Tenaya Capital also contributed to this round.