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The non-banking company has recently approved the acquisition of financial services platform MyShubhLife for an enterprise value of Rs 45 crore in a cash and equity deal.
The board also approved raising equity capital of Rs 1,322 crore through Compulsory Convertible Debentures (CCD) and warrants. The equity fundraise is subject to shareholder approval.
Listed non-banking lender U Gro Capital Ltd, which counts private equity firms Samena Capital, ADV Partners and TPG NewQuest among its investors, has raised Rs ......
Mobile Premier League-backed Striker is ceasing operations, while Udaan has laid off around 1oo employees.
Udaan has raised $340 million in a Series E funding round, led by M&G Plc, in a mix of equity and convertible notes.