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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
It’s not just a higher offer that won Axis the deal + The market regulator finally comes to the rescue of long suffering bond investors.
Editor's note: Furquan here. The world of finance made big news this week. Uday Kotak ended his tenure at IL&FS on a high and further secured his place at the top of Indian banking today. But how did he end up losing the deal to buy Citibank’s retail assets in India to Axis Bank? Axis Bank, led by Amitabh Chaudhry, played it smart. Separately, SEBI had some good news for bond investors who have suffered the most when it comes to recovering money from defaulting companies. The answer is in blockchain. Read on. The clause that helped Axis clinch deal On 29 March 2022, late in the evening, I got a call from a Citibank executive, who requested that his name not be revealed. “The deal will be announced tomorrow at 4:30 pm. The last-minute signs will be done tonight,” the executive said. The executive was referring to the sale of Citibank’s retail assets in India—almost a year after the global giant announced its exit from retail banking in 13 countries. India was one of the last countries where Citibank was selling …
It’s not just a higher offer that won Axis the deal + The market regulator finally comes to the rescue of long suffering bond investors.
Editor's note: Furquan here. The world of finance made big news this week. Uday Kotak ended his tenure at IL&FS on a high and further secured his place at the top of Indian banking today. But how did he end up losing the deal to buy Citibank’s retail assets in India to Axis Bank? Axis Bank, led by Amitabh Chaudhry, played it smart. Separately, SEBI had some good news for bond investors who have suffered the most when it comes to recovering money from defaulting companies. The answer is in blockchain. Read on. The clause that helped Axis clinch deal On 29 March 2022, late in the evening, I got a call from a Citibank executive, who requested that his name not be revealed. “The deal will be announced tomorrow at 4:30 pm. The last-minute signs will be done tonight,” the executive said. The executive was referring to the sale of Citibank’s retail assets in India—almost a year after the global giant announced its exit from retail banking in 13 countries. India was one of the last countries where Citibank was selling …
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
A Rs 10,440 crore share swap with listed Shalimar Paints could give the building materials startup a public market presence without a traditional IPO. But the novel route leaves investors grappling with dilution, valuation and governance concerns.
The Bengaluru-based contract manufacturer lands in legal hot water with the California-headquartered transformer startup over a trade secret dispute.
The Rs 250 SIP was launched last year by the former SEBI chairperson with one clear goal: financial inclusion. More than a year later, the much-hyped scheme doesn’t seem to have caught on with MF investors.
