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ETtech Exclusive: PhonePe's Indus OS deal in a legal tangle

ETtech Exclusive: PhonePe s Indus OS deal in a legal tangle
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A seemingly
straightforward acquisition by PhonePe, of homegrown content discovery platform Indus OS for about $60 million, has spiralled into a legal tangle as India’s second-largest fintech battles two existing investors in the five-year-old startup Affle Global and early-stage investment firm Ventureast in a Singapore court.
Both factions have filed competing lawsuits against the other in the Supreme Court of Singapore. ET has seen court filings, regulatory disclosures and spoken to three sources briefed on the matter.
Walmart-backed PhonePe was in the final stages of closing its acquisition of Indus OS before mid-June with the term-sheet signed and ready, according to the people cited above. ....

Rahul Awasthi , Sudhir Bangarambandi , Rakesh Deshmukh , Akash Dongre , Oslabs Pte Ltd , Affle Holdings Pte Ltd , Supreme Court , Os Labs Pte Ltd , Company Ltd , Omidyar Network India , Affle Global Pte Ltd , Affle Global , Pte Ltd , Indus App Bazaar , Phonepe Indus Os Deal , Indus Os , Singapore Court , ராகுல் அவஸ்தி , ராகேஷ் தேஷ்முக்ஹ் , உச்ச நீதிமன்றம் , நிறுவனம் லிமிடெட் , ட் லிமிடெட் , இஂடஸ் செயலி பஜார் , சிங்கப்பூர் நீதிமன்றம் ,

Rumours abound over Swiss government's EU 'framework deal'

The Swiss government is apparently set to abandon negotiations with the EU about an umbrella accord regulating bilateral relations. ....

Bruxelles Capitale , European Union , Eu Commission , President Ursula , Guy Parmelin , European Economic Area , International Relations , Latest News , ப்ரூக்ஸெல்ஸ் தலைநகரம் , ஐரோப்பிய தொழிற்சங்கம் , யூ தரகு , ப்ரெஸிடெஂட் உர்சூல , ஐரோப்பிய பொருளாதார பரப்பளவு , சர்வதேச உறவுகள் , சமீபத்தியது செய்தி ,

Kelso & Co ends nine-year Nivel ownership with sale to Morgan Stanley Capital Partners

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After almost a decade in Kelso & Company‘s portfolio, specialist vehicle parts maker Nivel has a new owner thanks to a sale to Morgan Stanley Capital Partners.
Kelso picked up Nivel, a maker and supplier of parts for buggy-style personal transports, utility terrain vehicles and heavy equipment, back in 2012 through a buyout from Audax Group.
Aaron Sack, managing director and head of Morgan Stanley Capital Partners, said, “The company has differentiated itself through continued product innovation across vehicle categories and by providing best-in-class customer service to its highly passionate customer base.”
MSCP’s last two deals were the buyouts of AWT Labels & Packaging in December 2020 and US HealthConnect two months earlier. ....

Knowledge Bank , Kelso Amp Co , Morgan Stanley Capital Partners , North Haven , Private Equity , அறிவு வங்கி , மோர்கன் ஸ்டான்லி மூலதனம் கூட்டாளர்கள் , வடக்கு புகலிடம் , ப்ரைவேட் பங்கு ,

Bain Capital Ventures reiterates commitment to seed, Series A amid $1.3bn core fund close

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Bain Capital Ventures has hit a $1.3bn final close for its ninth core fund targeting seed and Series A deals.
The firm w
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Ajay Agarwal , Bain Capital Ventures , Core Fund , Fund Close , Fund Ix , Private Equity , அஜய அகர்வால் , பைன் மூலதனம் முயற்சிகள் , கோர் நிதி , நிதி நெருக்கமான , நிதி திரட்டல் , ப்ரைவேட் பங்கு ,

France warns UK not to 'play' with N Ireland Brexit deal

France warns UK not to ‘play’ with N Ireland Brexit deal
Top Story
May 24, 2021
THE HAGUE: France’s European affairs minister warned Britain not to play games with special post-Brexit trading rules for Northern Ireland, as fears rise of a summer of violence in the province.
Clement Beaune urged London to be “responsible” over the so-called “protocol” for Northern Ireland, which kept it in the EU single market and customs union despite the UK’s departure from the bloc.
“We cannot accept that there is political game with such a sensitive issue,” Beaune said in an interview with a small group of media including AFP in The Hague on Saturday after talks with the Dutch foreign minister. ....

United Kingdom , Northern Ireland , City Of , Arlene Foster , Simon Coveney , Clement Beaune , First Minister Arlene Foster , David Frost , Jean Yves Le Drian , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , நகரம் ஆஃப் , அர்லேனே வளர்ப்பு , சிமோன் கோவ்னி , கிளெமென்ட் பேசுனே , முதல் அமைச்சர் அர்லேனே வளர்ப்பு , டேவிட் பனி ,