Cyril Amarchand Mangaldas advises Groww on acquisition of Indiabulls Mutual Fund ANI | Updated: May 12, 2021 13:27 IST
New Delhi/ Mumbai (Maharashtra) [India], May 12 (ANI/NewsVoir): Cyril Amarchand Mangaldas advised Nextbillion Technology Private Limited (Groww Group), India s leading investment tech-platform, on its acquisition of Indiabulls Asset Management Company Limited and Indiabulls Trustee Company Limited, the asset management company and trustee company, respectively, of Indiabulls Mutual Fund, from its sponsor, Indiabulls Housing Finance Limited, subject to necessary approvals.
This is the first transaction in India under SEBI s new sponsor eligibility criteria for mutual funds.
Cyril Amarchand Mangaldas advised Groww and the transaction and regulatory team was led by Anu Tiwari, Partner; with support from Anindita Bhowmik, Partner; Sushim Aryan, Senior Associate; and Aditya Sarkar, Associate.
- Collaboration with Xontogeny provides funding and key advisory support for early development -MALVERN, Pa. (BUSINESS WIRE) #Cardiovascular Shifa Biomedical Corporation (Shifa), a drug discovery company developing an oral small molecule PCSK9/low density lipoprotein-cholesterol receptor (LDLR) antagonist, P-21,.
Published: May 12, 2021
MALVERN, Pa. (BUSINESS WIRE) Shifa Biomedical Corporation (Shifa), a drug discovery company developing an oral small molecule PCSK9/low density lipoprotein-cholesterol receptor (LDLR) antagonist, P-21, to treat dyslipidemia, today announced their launch with a seed investment from Xontogeny, LLC to advance their lead program through IND-enabling research.
“We are excited to announce our collaboration with Shifa to address the unmet need for oral drugs that can treat dyslipidemia without the need for injections,” said Chris Garabedian, Founder, Chairman and Chief Executive Officer of Xontogeny. “The expertise of our team at Xontogeny complements that of the team at Shifa, and we are aligned on the key milestones we plan to achieve with this seed investment.”
Mohammed Soliman is a Non-Resident Scholar at the Middle East Institute’s Cyber Program and a Senior Associate at McLarty Associates’ Middle East and North Africa Practice. His work focuses on the intersection of technology, geopolitics, and business in the Middle East and North Africa (MENA). Mohammed frequently appears on Arabic- and English-language television to provide commentary on unfolding events in the Middle East.
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