Rekha Jhunjhunwala, the wife of late legendary stock market honcho, investor and philanthropist, Rakesh Jhunjhunwala, has joined the Sankara Eye Foundation, India (SEFI) as Board of Trustees. Rekha will continue the philanthropy work that her husband had initiated with SEFI earlier. Her charitable initiatives include contribution towards healthcare and education and she has supported multiple…
Zydus Animal Health and Investments Limited (ZAHL) a wholly owned material subsidiary of Cadila Healthcare Limited, has entered into a Business Transfer Agreement (BTA) and other Ancillary Agreements (“Definitive Agreements”) to sell and transfer its Animal Healthcare Established Markets Undertaking (“Undertaking” or Zydus AH) to Multiples Alternate Asset Management (“Multiples”) led consortium. Zydus AH is…
Fullife, a startup that manufactures sports nutrition supplements under the brand name Fast&Up, announced that it has raised Rs 50 crore in a fresh financing round, according to an ETtech report. New investors that participated in the financing round include Amansa Capital, the Singapore-headquartered investment firm founded by ace stock picker Akash Prakash. Existing investors…
Billionaire stock market investor Rakesh Jhunjhunwala is being probed by the Securities and Exchange Board of India for insider trading in education firm Aptech. It is reported that Jhunjhunwala and his family owns a majority stake in the firm. According to a Livemint report, “the market regulator is examining the time period of February 2016…
The Completion Commission announced on Monday that it has approved the acquisition of Star Health and Allied Insurance Company by Safecrop Holdings. Safecrop Holdings, an association formed by WestBridge AIF, investor Rakesh Jhunjhunwala and Madison Capital, signed definitive agreements with the shareholders of Star Health to acquire the shares of the private health insurer in August.…