India: LIC hikes stake in state-run UBI to over 5%
Earlier, LIC held 3.09% stake in UBI, representing 19,79,23,251 equity shares of the bank.
India: Edelweiss AMC to convert maiden IPO fund into an open-ended fund
The fund will be re-named as Recently Listed IPO Fund and the conversion will be effective 29 June.
Chinese fund managers embracing AI, machine learning to bolster returns
The move comes as foreign players are expanding their footprint in China’s $3.4-trillion MF industry.
Despite a lacklustre 2020, SE Asia’s PE market remains attractive: Bain
Bain says SE Asia is going to grow 20-30% per year in the next few years.
Indonesia sovereign fund to set up $3.75b toll road investment platform
This will be the first investment platform under the SWF since its February launch.
IFC proposes to extend $130m financing to Vietnam’s SeABank
IFC is also mulling establishing a $20-million trade finance guarantee facility for the bank.
Indian capital markets regulator initiates probe against SP Group
SW Solar’s promoters currently owe ₹790 crore to the company, excluding interest.
SoftBank says Masayoshi Son’s lieutenant Ron Fisher to leave board
Fisher was an architect of SoftBank’s disastrous bet on office space firm WeWork.