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News on Medial
Former Naval Commander Anil DSouza sells stake in Simpliance
Economic Times
·
1y ago
Medial
Former Naval Commander Anil Prem DSouza and his investment firm Cbensol have sold their stake in Simpliance Technologies, a Bengaluru-based tech startup specializing in labor compliance processing. The sale, valued at Rs 28 crore, saw the stake purchased by Aparajita. DSouza, who founded Simpliance in 2015, plans to explore opportunities in the waste management and real estate sectors. Simpliance was originally backed by Quess Corp, which sold its stake to Aparajitha Corporate Services in October 2022.
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CBI files charges against Anil Ambani’s cos, Yes Bank ex-CEO Rana Kapoor family in fraud cases
Economic Times
·
5m ago
Medial
The Central Bureau of Investigation (CBI) filed chargesheets accusing Anil Ambani’s Reliance Group companies and former Yes Bank CEO Rana Kapoor of fraudulent transactions. Charges include diverting Yes Bank funds to struggling group companies via Reliance Commercial Finance Ltd (RCFL) and Reliance Home Finance Ltd (RHFL). Kapoor and Ambani allegedly conspired to cause significant financial losses to Yes Bank, benefiting Kapoor’s family and Anil Ambani’s group through concessional loans and investments.
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Exclusive: Greenko founders buy Orix Corp.'s 20% in Greenko Energy for $1.4 bn
Livemint
·
8m ago
Medial
AM Green B.V., owned by Greenko Group founders Anil Chalamalasetty and Mahesh Kolli, has bought Orix Corp.'s 20% stake in Greenko Energy Holdings for $1.4 billion. This deal values Greenko at $7.5 billion, with founders retaining a 90% stake in AM Green B.V. It involves significant cash and stock components, marking one of India's largest green energy sector transactions. The announcement is set for Monday.
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Vedanta in talks with IHC unit, investors for Zambian copper stake sale
VCCircle
·
1y ago
Medial
Vedanta Resources, owned by Indian billionaire Anil Agarwal, is in talks with investors, including International Resources Holding (IRH), to sell a stake in its Zambian copper assets. IRH, a unit of UAE's International Holding Company, is conducting due diligence on acquiring a stake in Konkola Copper Mines (KCM). Vedanta wants the funds to revive operations and boost copper output. While IRH has shown interest in acquiring more than a 30% stake, negotiations are ongoing. Other long-term investors are also exploring investment opportunities in KCM. Vedanta aims to gradually increase copper output at the Konkola mines over the next five years.
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GRSE Shares Surge Nearly 5% on INR 50,000 Crore Order Book MoU with Kalyani Strategic Systems
StartupTalky
·
7d ago
Medial
Garden Reach Shipbuilders & Engineers (GRSE) shares rose nearly 5% after signing an MoU with Kalyani Strategic Systems. The collaboration focuses on developing indigenous naval technology, supporting GRSE’s target of a ₹50,000 crore order book by FY26. The partnership aligns with India's self-reliance goals in defence shipbuilding. GRSE’s order book stood at ₹20,205 crore as of September 2025, with expectations to expand through significant projects, enhancing its position in naval orders.
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Flipkart veteran Anil Goteti launches Gen Z and Millenial-focussed fintech startup
Money Control
·
2y ago
Medial
Anil Goteti, a former executive at Flipkart, has launched a fintech startup aimed at Gen Z and millennial consumers. The startup, whose name has not been disclosed, intends to cater to the financial needs of the younger demographic. Goteti's venture aims to leverage technology and innovation to provide tailored financial services and solutions to this target market segment.
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Sauce.vc picks up stake in GRM Overseas unit
VCCircle
·
2y ago
Medial
Early-stage venture capital firm Sauce.vc has acquired a stake in GRM Foodkraft, a subsidiary of FMCG company GRM Overseas. The Mumbai-listed company sold over 3% stake in Foodkraft to Sauce.vc for an undisclosed amount. Sauce.vc also acquired an additional 1% stake from other shareholders. GRM Foodkraft sells various food products and operates in both online and offline retail. Sauce.vc aims to utilize Foodkraft's supply chain and distribution capabilities to launch new food brands. Sauce.vc focuses on investing in the food and beverage, personal care, and lifestyle sectors.
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Why Russia’s Navy cannot protect its oil tankers on the high seas: Pro-Kremlin analysts expose weaknesses
Economic Times
·
2m ago
Medial
Russian military analysts acknowledge that the Russian Navy is unable to protect its oil tankers from foreign seizures, revealing weaknesses in its naval forces. Despite ambitions for a globally operational 'blue-water' navy, Russia faces vessel shortages and outdated infrastructure. The inability to safeguard these tankers raises economic and diplomatic vulnerabilities, notably with recent Western seizures imposing pressure. Russia's maritime strategy struggles with ensuring consistent naval presence and legal protections amidst geopolitical challenges.
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GlobalBees Raises Stake In Solarista With INR 5.88 Cr Investment
Inc42
·
1y ago
Medial
GlobalBees, an e-commerce roll-up firm, has acquired an additional 22.5% stake in Solarista Renewables, a brand that sells bags and rainwear under the name 'The Clownfish'. The all-cash deal, worth INR 5.88 Cr, follows an agreement between shareholders in April 2022, and now brings GlobalBees' total stake in Solarista to 75%. This investment comes shortly after Brainbees Solutions, the parent company of FirstCry, announced a AED 50 Mn (INR 114.1 Cr) investment in its UAE subsidiary, FirstCry Management DWC LLC.
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Vedanta raises $250 million to settle Zambian copper mine debts, plans to sell 30% stake: Report | Mint
Livemint
·
1y ago
Medial
Vedanta Resources has secured the funds needed to pay off the creditors of its Zambian copper mine, Konkola Copper Mines (KCM). The company, led by billionaire Anil Agarwal, will have approximately $250 million to settle its debts. Vedanta regained control of KCM last year after a five-year battle with the Zambian government. The company still needs to raise an additional $1 billion to revive mining operations and invest in the Konkola Deep Mining Project. Vedanta may sell a 30% stake in KCM to raise capital, while the Zambian government owns a 20% stake in the mine.
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Info Edge To Invest Another INR 15 Cr In Agritech Startup Gramophone
Inc42
·
1y ago
Medial
Indian internet company Info Edge is set to increase its stake in agritech startup Gramophone with an investment of INR 15 crore ($1.8m). The investment, made via subsidiary Startup Investments (Holding) Ltd, will take Info Edge's stake in Gramophone to 39.5%. Gramophone, founded in 2016, sells farming supplies such as seeds, fertilisers and pesticides directly to farmers and through small retailers. Info Edge has previously invested in the startup and its board also approved the divestment of SIHL's 34.93% holding in B2B catalogue company Wishbook Infoservices.
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