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Happy Friday! Azim Premjis family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in todays packed edition of ETtech Morning Dispatch.
(Bloomberg) -- BDT & MSD Partners is nearing a deal to sell the firm’s majority stake in Marquette Transportation Co. to Redwood Capital Investments, the family office of Jim Davis and Steve Bisciotti, according to people with knowledge of the matter.Most Read from BloombergTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Roar as Tesla Spikes in Late Hours: Markets WrapBiden’s New Chopper Is Demoted After Scorching White House LawnTesla Stock in ‘No Man’s Land’ After 43% Rou
Flipkart Zepto Deal: Flipkart held talks with Zepto for a potential deal but discussions fell through. Zepto is expected to snag a valuation of nearly $2.5 billion in a fresh funding round. Learn more about the failed majority stake talks.
Billionaire Zuber Issa is close to completing talks to sell his £500m stake in Asda to its private equity backer, TDR Capital, according to reports.
Romania competition council has greenlighted the deal whereby Polish retailer Zabka, together with Radu Trandafir, Ioana Ionitescu intend to take over Romania consumer goods wholesaler DRIM Daniel Distributie FMCG S.R.L. and RetailCo.