Reliance Retail Picks Up 89% Stake in Lingerie Brand Clovia
Reliance Retail Venture Limited acquired an 89% stake in women’s lingerie brand Clovia, owned and operated by Pankaj Panda fashion Private Limited. RRVL invested Rs. 950 Cr. in the company through a combination of secondary stake purchase and primary investment, as per the official statement. Clovia is launched in 2013 by Pankaj Vermani, Neha Kant…
Best CFOs In India 2024: Strengthening Companies With Vision And Foresight
When talking about the role of a chief financial officer in a company, strengthening the company’s financial status is what we all know. But, in our ranking, we flipped the coin and checked the other side. While brainstorming for the best CFOs in 2024, we found that the CFO’s role has dramatically changed in the…
Sachin Bansal’s Navi Technologies Files $400 Million IPO
Sachin Bansal’s Navi Technologies, a fintech startup, has filed for a $400 million IPO, Initial Public Offering. Billionaire Bansal, who also co-founded Flipkart over a decade ago, is the 40-year-old entrepreneur who made his name and money by kick-starting the eCommerce wave in the country, has once again made a bold choice. Founded in 2018,…
LIC: SEBI Gives Nod to Launch India’s Highest IPO Ever
The market regulator has approved the much-awaited IPO of 2022. According to the sources, SEBI has issued an observation letter. LIC had filed it’s Draft Red Herring Prospectus (DRHP) with SEBI in February. As per DRHP, the issue would be an offer to sell 31,62,49,885 (31.62 crores) equity shares by the government, which holds a…
