HDFC to acquire 10% stake in Kerala-based asset management firm
NEW DELHI: Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. “…the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement […]
Byju”s acquires Aakash Educational Services for about $1 billion
NEW DELHI: Byju”s has acquired test-prep leader Aakash Educational Services for nearly USD 1 billion (about Rs 7,300 crore) as India”s biggest online education startup looks to build its position in the brick and mortar segment. The acquisition is Byju”s biggest and one of the largest ed-tech deals in the world. Post the transaction, Blackstone […]
Uttar Pradesh cabinet approves tenancy ordinance
LUCKNOW: The Uttar Pradesh cabinet has approved the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021. The provisions of the ordinance will lead to reduction in tenancy disputes and in older cases rents can be revisited. Once the ordinance is promulgated, signing of contract will become compulsory to […]