India Digest: ADIA to back UPL’s Arysta buy; Google accelerator; LIC-IDBI update

A pedestrian looks up while walking past a Bharti Airtel Ltd. store in Mumbai, India, on Saturday, April 21, 2018. Photographer: Dhiraj Singh/Bloomberg

Abu Dhabi Investment Authority is set to invest $1 billion to acquire a 20 per cent stake in UPL Corporation while Life Insurance Corporation of India will make an open offer to minority shareholders of IDBI Bank in which it proposes to acquire up to 51 per cent equity. Separately, Google announced Launchpad Accelerator India targeting startups in machine learning and artificial intelligence.

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