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Institutional sellers sold up to a 5% stake in CarTrade Tech for around Rs 200 crore through a block deal on Friday, with Axis Securities as the banker. The company has no promoter holding, with a significant portion of shareholding held by institutional shareholders. Mutual funds and foreign portfolio investors held stakes in the company.
Filter Capital, an Indian investment firm focused on technology-led businesses, has announced the final close of its debut fund at about $100 million.
JLR, a key customer for Tata Technologies, could have been impacted by Brexit-related uncertainties, feared the private equity major
Next is spending £128m to buy a further 21% stake in premium high street retailer Reiss despite recent reports it was considering selling its investment.
The penalty is with respect to acquisition of stake by the company in Bharti Telemedia from Warbug Pincus affiliate entity Lion Meadow Investment Limited. “We submit that the Competition Commission of India, vide its order dated August 23, 2023, has imposed a penalty amounting to Rs 1 crore under Section 43A of the Competition Act, 2002,” Bharti Airtel said in a regulatory filing.