Promoters of Amar Ujala group are on course to buy the stake of PE firm DE Shaw.This would be part of the Supreme Court’s direction to the company to buyout the PE firm’s stake as it was seeking an exit from past two years given a scuffle between the two.
The company plans to sell this stake to a new investor later.
Manipal Global Education Services is planning to offload a significant minority stake to raise $200 Mn.
Concept Communication has picked up a majority stake in digital marketing agency, Liqvd Asia. The financial details of the deal remain undisclosed.