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FinTech: FSDC forms regulators panel to address fintech challenges

Softbank eyes return to Flipkart

Softbank eyes return to Flipkart Want this newsletter delievered to your inbox? SUBSCRIBE Thank you for subscribing to Morning Dispatch We ll soon meet in your inbox. / Morning Dispatch Flipkart for $4 billion, the two companies could be headed for a $600-700 million reunion. Also in this letter: Interview with RS Prasad on new IT rules Fintech regulations on the anvil? SoftBank in talks to invest $600-700 million in Flipkart Softbank Vision Fundis eyeing a return to Flipkart, having held talks with the company on a possible $600-700 million investment. The funding is part of a larger $2 billion round, which could involve sovereign wealth funds such as Abu Dhabi’s ADQ and Canada’s CPPIB, and existing investors such as GIC and Qatar Investment Authority.

Westbridge-backed Aptus Value Housing Finance files for IPO

Westbridge-backed Aptus Value Housing Finance files for IPO Photo by Tomek Mądry from Pexels May 16, 2021 South India-based Aptus Value Housing Finance India Ltd has filed a draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) to raise funds through an initial public offering (IPO). Aptus has been founded by M Ananda, former CEO and director of the Financial Services Businesses in Murugappa Group. The IPO comprises a fresh issue of ₹500 crore and an offer for sale of 64.59 million by its current shareholders and promoters. An offer for sale comprises the sale of 2.5 million shares by Padma Anandan, 5 lakh shares by Westbridge Crossover Fund LLC, 19.76 million shares by Aravali Investment Holdings, 27.88 million shares by JIH II LLC, 9.99 million shares by Ghiof Mauritius, and 3.72 million shares by Madison India Opportunities IV.

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