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India Funds News Headlines

SBI to trim stake in UTI Mutual Fund via IPO

Top lender State Bank of India on Wednesday approved the sale of an up to 8.25% stake in mutual fund UTI Asset Management Company (UTI AMC) through an intitial public offering.

India cenbank moves to begin bankruptcy proceedings against DHFL

The Reserve Bank of India has filed an application to begin bankruptcy proceedings against shadow lender Dewan Housing Finance Corporation Ltd (DHFL), it said https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR129569FD843CA8464B9B8FFA537B589C36A3.PDF on Friday.

Indian shadow lender Home First Finance files for $209 mln IPO

Housing lender Home First Finance Co India Ltd filed for an initial public offering (IPO) of up to 15 billion rupees ($209.00 million), according to a draft prospectus http://www.investmentbank.kotak.com/downloads/home-first-finance-company-india-limited-DRHP.pdf from one of its bookrunners dated Nov. 28.

India's Paytm raises $1 bln in fresh funding

Indian digital payments company Paytm said on Monday it has raised fresh funds from a group of investors, including existing backers such as SoftBank's Vision Fund and Alibaba's Ant Financial.

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