Baring PE sells 9.8% in Coforge, raises Rs 2,430 cr

Baring PE sells 9.8% in Coforge, raises Rs 2,430 cr

Mumbai: Hong Kong-based Baring Private Equity has sold 60 lakh shares, or 9.8% stake, in software company Coforge through a block deal on Monday to raise ₹2,430 crore. The shares were sold at ₹4,050 apiece, a 6.4% discount to Friday’s price. While Nomura India Investment Fund Mother Fund bought shares worth ₹247 crore, Kuwait Investment … Read more

World’s oldest wealth fund swells to record and cracks the top 3

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By Fiona MacDonald Kuwait Investment Authority likely broke into the world’s top three sovereign wealth funds by assets. The Future Generations Fund, managed by the authority known as KIA, has risen to a record of about $700 billion, according to a person with knowledge of the matter. Its assets were valued at around $670 billion … Read more

IRFC raises Rs 1,390 crore from 31 anchor investors ahead of IPO

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MUMBAI: Indian Railway Finance Corporation (IRFC) has raised Rs 1,390 crore from 31 anchor investors ahead of its proposed initial public offer (IPO). About 53.46 crore equity shares were allotted to anchor investors on Friday at an upper price band of Rs 26 per share. For the first time, the state owned company has made … Read more