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ADQ considering $70 million infusion in Policybazaar parent Etechaces: Report The infusion, if it goes through, would value the 13-year-old fintech firm Etechaces at $2 billion Representative Image ADQ, Abu Dhabi’s national investment company, is looking to invest $70 million in Etechaces Marketing and Consulting – the parent of Policybazaar and Paisabazaar, ahead of Policybazaar’s planned initial public offering (IPO) this year. The infusion, if it goes through, would value the 13-year-old fintech firm Etechaces at $2 billion, sources told the Mint. Moneycontrol could not independently...

Shares of Biocon climbed 2 per cent to Rs 466 on the BSE on Friday after the company announced that the board of its subsidiary Biocon Biologics has approved a primary equity investment by Abu Dhabi based ADQ (“ADQ”), one of the region’s largest holding companies. As per the terms of the proposed agreement, ADQ will invest Rs 555 crore for a 1.80 per cent minority stake in the biosimilar business, valuing Biocon Biologics at a post money valuation of around $4.17 billion, the company said in press release. Post the completion of this transaction, Biocon will hold 89.89 per cent stake...