Sebi seeks fresh clarification on Videocon d2h’s Rs 700-cr IPO
Market regulator Sebi has sought fresh clarifications from the merchant banker of Videocon d2h Ltd, the satellite television arm of Videocon Group, regarding its proposed Rs 700-crore initial public offer (IPO). Without disclosing the details of clarifications sought, Securities and Exchange Board... read more »
Zomato in talks to raise $100 million after acquiring US-based Urbanspoon
Zomato, India’s restaurant search services provider, is in talks to raise about $100 million in fresh funding after it acquired US-based rival Urbanspoon for about $50 million in one of the biggest overseas deals. Seattle-based Urbanspoon, which was previously owned by media mogul Barry... read more »
Coal India slips on divestment buzz
Coal India fell 4.17% to Rs 360.10 at 11:09 IST on BSE on report the government is planning to sell a 10% stake in the state-run coal miner. Meanwhile, the BSE Sensex was down 25.07 points, or 0.09%, to 27,433.31. On BSE, so far 1.26 lakh shares were traded in the counter, compared with an average... read more »
Alibaba to Buy $550 Million Stake in Paytm’s Parent Company: Report
China’s Alibaba Group Holding Ltd and its unit Alipay are in advanced talks to buy a stake for about $550 million (roughly Rs. 3,417 crores) in India’s One97 Communications, which owns an online payment platform, sources directly involved in the transaction said. The investment by... read more »
