Rumors circulating about IL&FS Group, PayU, and TA Associates making headlines
PayU, a leading digital payment solutions provider, is expanding its presence in the industry with an increased stake in Mindgate Solutions. The move is expected to bolster PayU's position in the digital payments sector.
Meanwhile, PE-backed Accion Labs has made a strategic acquisition, buying product engineering firm NetServ. This move is aimed at strengthening Accion Labs' product development capabilities.
In other news, TA Associates, a Boston-headquartered private equity firm, has postponed the listing of OmniActive Health. The reasons for the delay are not yet clear.
Multiple institutions are making headlines this week. Finnable, WestBridge, Matrix Partners, Statkraft, Serentica, Warburg Pincus, JSW Neo Energy, and Carlsberg are all in the news, but further details regarding their respective activities are yet to be disclosed.
A significant development in the infrastructure sector is Infra.Market's announcement of gearing up for its Initial Public Offering (IPO). The infrastructure marketplace has also recently raised fresh funds, but the institution involved in the funding process remains unspecified.
Elsewhere, Gurugram-based Tetr College of Business is in advanced stages of raising funds. The exact nature of the funding and its intended use are not yet known.
Lastly, IL&FS is planning to divest its remaining stake in Roadstar InvIT. This move is part of IL&FS's ongoing efforts to streamline its operations and reduce debt.
Stay tuned for more updates as these stories unfold.
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