Speaking on the transaction, Rashesh Shah, Chairman and CEO, Edelweiss Group said, “This partnership comes at a time when there is a thrust towards empowering and enabling India to become a global manufacturing hub as vocalised by the Government’s ‘Atmanirbhar – self reliance’ vision. The need for long term patient capital in India presents a huge opportunity for private debt managers. At Edelweiss, we have built deep capabilities in this space and I am honoured by the trust placed in us by the highly respected Ontario Teachers’ team.” … [Read more...] about Canada’s Ontario Teachers’ partners with Edelweiss Group to invest $350 million in Indian private credit
Commenting on the transaction with Silver Lake, Mukesh Ambani, Chairman and Managing Director, Reliance Industries, said, “I am delighted to extend our relationship with Silver Lake to our transformational efforts of building an inclusive partnership with millions of small merchants while providing value to Indian consumers across the country in the Indian retail sector. We believe technology will be key to bringing the much-needed transformation in this sector so that various constituents of the retail ecosystem can collaborate to build inclusive growth platforms. Silver Lake will be an invaluable partner in implementing our vision for Indian Retail.” … [Read more...] about PE fund Silver Lake to invest in Reliance Retail, buys 1.75% stake for Rs 7,500 crore
Physical gold: Buying jewellery and gold coins is still one of the most popular modes of investing in gold. But holding gold in physical forms comes with two main disadvantages. Apart from the additional cost incurred for safekeeping, buying physical gold also comes with purity-related concerns. Additionally, one may also face challenges in accessing physical gold stored in bank lockers or selling it during a political turmoil or natural disaster. … [Read more...] about What’s the best way to invest in gold now?
Reliance Retail launched an online grocery service named JioMart in May and now sells a raft of items such as electronics, jewellery, apparel and vegetables, among others. It acquired British toy chain Hamleys last year, and also runs the outlets of global brands such as Burberry, Armani and Jimmy Choo, among others, in India. … [Read more...] about Reliance Retail-Silver Lake deal: RIL’s AGM in July had feelers about investments in its retail business
“Also, most of the ban and FDI restriction looks like temporary measures taken to address current market crisis. Needless to say, once these digital companies comply with security and privacy requirements under Indian laws and there is enough evidence to prove that there is no data leak, the ban will obviously be lifted,” said Rishabh Mastaram, founder of legal firm RGM Legal. … [Read more...] about After ban on 118 Chinese apps, Indian startups with investments from Beijing wonder whether they will be on govt radar now