FTIL is backed by Blackstone and CVCI.
South Africa’s Sanlam and media group BCCL are also shareholders in the firm.
The proposed equity issue would lead to equity dilution of under 10 per cent.
The PE firm has been going to campuses on behalf of its portfolio firms since 2009.
Zuari and Vijay Mallya together own around 37 per cent of the firm.
Corporate Affairs ministry has asked Jignesh Shah-promoted Financial Technologies to merge scam hit NSEL with itself. Financial Technologies, which is backed by Blackstone, saw its share price crash 20 per cent on Tuesday after the order.
Acquired by Sanofi, WHO had previously delisted its flagship product but approved it again this year.
Effective today, the co-founders are no longer associated with management of the IT giant.
CMC Ltd. One of The Finest Govt. of India Enterprise...
Enjoyed being a Leader among IT &...
will DLF have to restate its accounts , now that these are related concerns.
Rather horrific "sham transaction". Rather a surprise how "eminent legal advisors, merchant bankers and audit firms...
Congrats Vasanth, Way to go :)