The deal underscores a growing trend of consolidation in Asia's wealth management industry.
Retail investors have become a force to reckon with in the last 10 years with their ownership of Indian equities rising 800 basis points, or 8 per cent, to 23.4 per cent during this period, suggests a recent note from Morgan Stanley. This number, Morgan Stanley said, is set to rise in the next few years as Indian households are still underinvested in equities. India's demographics, policy framework, investor education and modest positive real rates, it said, will fuel the 'equity cult' in India.
Experts say a lot of new wealth is being generated by promoters selling their stake.
It's going to be India's most exclusive super-rich club, with membership restricted to those with a minimum investible surplus of $1 billion. Called Private Investment Club, it will launch its services from September 16.Members of the club will get preferred access to deals that Morgan Stanley will be doing. They will also get to co-invest with Morgan Stanley in deals as well as participate as limited partners in its global funds.
A person familiar with the matter said the deal could be finalised in a month.
Investment by US PE firm KKR will add fire to Ambani's battle for dominance in the retail market that is also being eyed by Jeff Bezos' Amazon and Walmart's Flipkart.
What matters is the culture and the atmosphere of the workplace, and whether employees get treated fairly. 'It is also important for the employee to feel s/he is part of a winning team,' Credit Suisse's Mickey Doshi tells Niraj Bhatt.
With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic.
Ratnakar Bank to absorb RBS' employees involved in three businesses
Zomato has the potential to be an equally important milestone for Indian equity markets, notes Akash Prakash.
The company did not disclose its new holding pattern.
This marks the second billion-dollar investment by Silver Lake in a Reliance subsidiary after the $1.35 billion investment in Jio Platforms.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
This is the second investment by General Atlantic in a subsidiary of Reliance Industries, following a Rs 6,598.38 crore investment in Jio Platforms announced earlier this year.
Abu Dhabi-based sovereign wealth fund Mubadala Investment Co will invest Rs 6,247.5 crore to buy a 1.4 per cent stake in Reliance Industries Ltd's retail arm -- the billionaire Mukesh Ambani-led firm's third such deal in less than two days.
I had about eight, nine, dating apps on my phone. But I always felt this pressure of looking good.' 'When it comes to finding romantic love, it just feels very shallow.' 'I felt it was time for something different, something non superficial.'
Cashi Crisis: Day 9: Aaj ki Taaza Khabar!
