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The Manipal Group scion has converted the debt he took over from US-based investment fund Davidson Kempner Capital Management to a 40% stake in the test-prep company.

A $5 billion logistics platform in the Emirates, a group of Indian fraudsters caught in a conference con and Saudi Arabia’s troubles.
The classifieds portal adds two large investors and the Met Opera is coming to Saudi Arabia.
Amid creditors’ allegations that the missing $533 million from a term loan is being quietly used to settle cases in India, Delaware bankruptcy court grants them unrestricted use of confidential documents to pursue the matter.