Tag Archives: stake

Utkarsh Microfinance Gets New Partner in RBL Bank

Private sector lender RBL Bank has acquired 9.99% stake in Varanasi-based Utkarsh Microfinance, which is transforming into a Small Finance Bank next year. Utkarsh is one of the 10 players given RBI nod last year to open SFB. The microfinance industry has grown at around 60% in the last two years, following the RBI sanction making them answerable and accountable. ...

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Chitramala gets Rs.50 Lakh PE Investment

Chitramala.in, a portal for Bollywood and Telugu film industry gossip, has received Rs.50 lakh from Confidance Holdings. Moukthik Kiran Reddy from Chitramala said approximately 60% of its readers originate from different parts of India, including some user traffic from foreign destinations such as USA, Australia, Canada and UK. The monthly unique visitors count for Chitramala.in grosses 1 million every month. ...

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Sony Pictures Television To Acquire Majority Stake In IMS Internet Media Services

Sony Pictures Television (SPT) has signed an agreement to acquire a majority stake in IMS Internet Media Services (IMS), one of Latin America’s largest ad sales and media buying firms in the digital space. Both Andy Kaplan, president of SPT and Gaston Taratuta, CEO, Founder for IMS are expected to sign the deal once the regulatory approval is obtained. “Gaston and his team are experts in the digital space and they have created ...

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Housing.Com CEO Yadav Sacked, Asked to Leave Premises Immediately

Reality rental info website Housing.com’s CEO and co-founder Rahul Yadav has been sacked with immediate effect following a board meeting decision on Wednesday for his behaviour not not befitting the role, said the company in a statement. The company said, "The board believed that his behaviour is not befitting of a CEO and is detrimental to the company, known for ...

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German GLS Bank to Invest 22 Mln Euros in Green Growth Fund

The German GLS Bank is investing EUR 22 million in the Green for Growth Fund, Southeast Europe (GGF) as part of its impact investment strategy, especifically in sustainable energy, said the bank. The investment will leverage existing investments from donors and international financial institutions, and provide additional funding for energy efficiency (EE) and renewable energy (RE) projects in the Fund’s ...

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Patna, Feb 9 (IANS) Battle lines were clearly drawn in Bihar Monday as Chief Minister Jitan Ram Manjhi, expelled from the ruling JD-U, sought to prove his majority on the floor of the assembly even as his predecessor Nitish Kumar staked claim to form the government and accused Manjhi of “horse-trading”. Days after Manjhi refused to quit and dug in ...

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