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SoftBank to sell 5% stake in Policybazaar via block deal

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SoftBank may sell a 5% stake in Policybazaar (Promoter company PB Fintech), the parent company of Policybazaar, through a block deal in Dec. 2. The quota to be withdrawn will cost Rs 1,000 crore, according to the report. The base price of the block deal is Rs 440 per share, the report adds.Currently, SoftBank owns up to 10% in Policybazaar. Therefore, after the deal, SoftBank will have a 5% stake in the company.The block agreement, according to the report, is expected to be reduced by 5% from …

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Neelachal Ispat Nigam commences operations with the lighting of its Blast Furnace

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Neelachal Ispat Nigam commences operations Tata Steel Long Products (TSLP accomplished a significant achievement with the restarting of the Blast Furnace at the Kalinganagar plant of its subsidiary Neelachal Ispat Nigam Ltd (NINL) On 4th July, TSLP completed the acquisition of NINL, 90 days before. , The quick restart underlines Tata Steel’s commitment to the …

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Sterlite Technology (STL) announces Gram Galaxy – To connect villages with fibre

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Sterlite Technology (STL)  who is one of the industry’s-leading integrators of digital networks, has launched the Gram Galaxy solution at IMC 2022 to accelerate last-mile rural connectivity and village digitalization. Sterlite Technology (STL) announces Gram Galaxy India’s target is to fiberise all 6,25,000 villages. But ~60% of the rural population is still unconnected. But here …

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Eicher Motors sales figures for September 2022

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Eicher Motors sales figures for Sept Month Middle weight Motorcycle maker Eicher Motors has declared it’s sept month sales figure. Company’s unlisted subsidiary VE Commercial Vehicles had sold 6631 units of commercial vehicles in September month Which is 9.2% growth from the previous year which was 6070 units Total domestic sales of company increased by …

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Billtrust to be acquired by EQT Private Equity, share soared 60% in pre market

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BTRS Holdings Inc, who is the owner of  Billtrust  announced on Wednesday that it will be acquired by EQT Private Equity. The estimated valuation is  nearly $1.7 billion. Billtrust main business is to provide a cloud-based software. It  helps businesses shifted from paper invoicing to an integrated digital payments system. The data available on its …

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Byju’s pays $234 million to Blackstone to clear dues of Aakash deal

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On 23rd Sep Between Byju’s and Blackstone , a deal of $234 million completed, where Byju’s paid these amount to Blackstone Inc as part of $950 million to buy Aakash Educational. Byju is India’s largest ed-tech company and also the creator of India’s most loved school learning app which offers highly adaptive, engaging and effective …

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