Tiger Trail at Flipkart Ends with $3.5b Profit
New York-headquartered funding agency Tiger Global knowledgeable its restricted companions (LPs) final week that it has accomplished its exit from Flipkart, snagging $3.5 billion in whole good points over the previous few years of a phased selloff, two individuals within the know of the matter instructed ET.
Nirma Closes in on Glenmark’s API Arm
The Nirma Group is the frontrunner to amass Glenmark Life Sciences (GLS), an 82.84% subsidiary of Glenmark Pharmaceuticals. The Ahmedabad-based detergents-to-cement conglomerate emerged as the only bidder late final week, the deadline to submit agency gives for the business, stated individuals with data of the matter.
Source: economictimes.indiatimes.com