By Anuradha Choudhary
Shares of Future Retail Ltd hit an all-time high after the announcement.
Ola’s board approved the $100 million investment in March.
In the process, Creador received a 5.3x return and an IRR of 77 per cent in rupee terms.
Warburg was selected alongside Carlyle & Temasek Holdings to submit final bids.
Aavishkaar is aiming to raise $310 million for this fund.
The New Delhi Municipal Council (NDMC) had sought the court’s nod to auction the hotel.
SIDBI Venture Cpaital and India Quotient also participated in the Holachef funding round.
The increased surveillance will happen through a risk-based supervision system.
It is the culmination of a series of errors by its co-founders and its board.
India’s newest petrochemicals maker is seeking to sell half its $4.6 billion facility to Saudi Arabian Oil.