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Ola may lay off 225 employees as SoftBank-backed firm gears up for IPO

TMT

29 November, 2019

Ola may lay off 225 employees as SoftBank-backed firm gears up for IPO

Indian ride-hailing firm Ola, backed by Japan’s SoftBank Group Corp, aims to begin the IPO process by the end of ......

PE giant Carlyle, SBI to make partial exits from SBI Cards & Payment via IPO

Finance

28 November, 2019

PE giant Carlyle, SBI to make partial exits from SBI Cards & Payment via IPO

US private equity giant The Carlyle Group and India’s largest lender (by assets) State Bank of India (SBI) will make ......

WeWork's ill-fated IPO shows market discipline: Oaktree's Marks

Infrastructure

28 November, 2019

WeWork's ill-fated IPO shows market discipline: Oaktree's Marks

WeWork’s failure to go public and this year’s disappointing tech IPOs in the United States are a positive sign of ......

ADIA, Kuwait sovereign fund plan investment in Aramco IPO

Markets

27 November, 2019

ADIA, Kuwait sovereign fund plan investment in Aramco IPO

The sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial public offering (IPO) of Saudi ......

Ujjivan Small Finance Bank seeks $895 mn valuation in IPO next week

Finance

27 November, 2019

Ujjivan Small Finance Bank seeks $895 mn valuation in IPO next week

Ujjivan Small Finance Bank Ltd (SFB), a unit of lender Ujjivan Financial Services Ltd, is seeking Rs 6,394.42 crore ($895.6 ......

Fairfax-backed CSB Bank's IPO receives strong response, subscribed nearly 87 times

Finance

26 November, 2019

Fairfax-backed CSB Bank's IPO receives strong response, subscribed nearly 87 times

CSB Bank, formerly Catholic Syrian Bank, saw its initial public offering (IPO) lapped up with high demand across investor categories. The ......

Fairfax-controlled CSB Bank's IPO covered over four times on Day 2

Finance

25 November, 2019

Fairfax-controlled CSB Bank's IPO covered over four times on Day 2

The initial public offering (IPO) of CSB Bank Ltd continued to see investor demand on the second day of its ......

Grapevine: Global PE, Crompton Greaves eye Eureka Forbes; Mahindra nears solar sale

General

22 November, 2019

Grapevine: Global PE, Crompton Greaves eye Eureka Forbes; Mahindra nears solar sale

Global private equity majors as well as Advent and Temasek-backed Crompton Greaves Consumer are in the race for Eureka Forbes, ......

Fairfax-controlled CSB Bank's IPO fully covered on first day

Finance

22 November, 2019

Fairfax-controlled CSB Bank's IPO fully covered on first day

The initial public offering of CSB Bank Ltd sailed through on the first day of the offering, thanks mainly to ......

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

Finance

21 November, 2019

Alibaba, Aramco share sale bonanza fails to deliver banks fee windfall

A late-year rush of giant global share sales led by Alibaba's $13 billion (10.06 billion pounds) Hong Kong listing and ......