Business Economy


Foundation PE executes secondary transactions with Carpediem Capital

Mumbai, May 10 (UNI) Foundation Private Equity has bought stakes in three of Carpediem Capital’s portfolio companies -- Collateral Medical Pvt Ltd (Colmed), Nysaa Retail Pvt Ltd (1-India Family Mart), Sukkhi Online Pvt Ltd (Sukkhi).
This deal was achieved through a combination of secondary stake purchase and primary fund infusion, involving multiple stakeholders, a press release stated here on Wednesday.
Speaking about the development, Abhishek Sharman, managing director & founder at Carpediem Capital, and Jeremy Foo, partner at Foundation Private Equity, said "We are continuously seeking liquidity options for investors in our funds.... They worked closely to come up with a solution that generated some liquidity to existing investors while providing growth capital to the portfolio companies.”
UNI JM SS 1757
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Sensex down 609 51 pts during week

Sensex down 609 51 pts during week

24 May 2025 | 11:05 AM

Mumbai, May 24 (UNI) The BSE Sensex dropped 609.51 points or 0.74 per cent to settle at 81,721.08 during the week ended on Friday, driven by escalating global trade tensions, even fiscal deficits, rising bond yields and renewed fiscal concerns in major economies too impacted the same.

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Ola Electric Bike 'Roadster X' launched in Kerala Market

Ola Electric Bike 'Roadster X' launched in Kerala Market

24 May 2025 | 9:03 AM

Thiruvananthapuram, May 24 (UNI) Ola, a leading electric two-wheeler manufacturer in India, has launched its new electric bike, 'Roadster X', in the Kerala market.

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Forex reserves fall to USD 685 73 bn on May 16: RBI

Forex reserves fall to USD 685 73 bn on May 16: RBI

23 May 2025 | 9:56 PM

Mumbai, May 23 (UNI) India’s foreign exchange reserves declined by USD 4.89 billion (₹31,650 crore) in the week ended May 16, 2025, to stand at USD 685.73 billion (₹58.66 lakh crore), according to data released by the Reserve Bank of India (RBI) on Friday.

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BEML Q4 net profit rises 12 pc to Rs 288 crore

23 May 2025 | 9:03 PM

Bengaluru, May 23 (UNI) BEML Limited, a Defence Ministry PSU, on Friday reported a 12 per cent jump in net profit to Rs 288 crore for the quarter ended March 31, 2025, on the back of improved operational performance, even as it posted its highest-ever annual profit despite a marginal dip in yearly revenue.

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Adani Group pledges Rs 50K cr more for Northeast

Adani Group pledges Rs 50K cr more for Northeast

23 May 2025 | 8:28 PM

Guwahati, May 23 (UNI) Gautam Adani, Chairman of the Adani Group, on Friday announced a fresh investment commitment of Rs 50,000 crore to be deployed across the Northeast region of India over the next ten years, reinforcing the conglomerate’s long-term vision for development in the area.

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