"Some of the proceeds will be used to scale up Delhi-based Capital India Home Loans that the company acquired in October," one of the people cited above said on the condition of anonymity.
While Paragon and Weaver did not respond, Premji Invest declined to comment.
Weaver, set up by Satrajit Bhattacharya, former head of investments and M&A at HDFC, and other former HDFC executives, said in October that it had signed an agreement to raise 800 crore from Gaja Capital and Lok Capital. The deal has not yet secured regulatory approval.
Part of the funds from that capital-raise has been earmarked towards an acquisition of Capital India Home Loans for ₹267 crore, a deal that is also awaiting regulatory clearance.
Denne historien er fra December 26, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra December 26, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
After 'Shogun', Content From Japan Is Hot
Adaptations of major manga and other Japanese properties are in the works
The Indian coffee trends that defined this year
Limited edition beans, specialized training centres, and the growth of filter coffee were some of the prominent trends of 2024
Akhil Katyal on longing, translation and Charles Darwin
Katyal talks about ways of grieving, his approach to translation, and the quest for possible worlds in his new volume
India's Leadership Has a Valuable Role to Play in a Multipolar World
Its strategic autonomy and multi-alignment place it in a unique position to lead everyone towards globally shared goals
Nike's Turnaround Strategy Will Need the Second Shoe to Drop
Its new CEO has made a beginning, but the real big test lies ahead
Why are product displays on e-commerce sites so drab?
Businesses based on technology shouldn't lose touch with the subtle art of persuasion
Panama isn't the only US ally Trump has rattled
America's president-elect seems bent on an expansive approach to its 'manifest destiny' but overreach could unsettle Pax Americana. Neutral India, thankfully, needn't worry much
Policymaking as usual does not suffice for periods of transition
Economic thinking across the world must look beyond the certainty of numbers in uncertain times
One Nation, One Election: Consultation time has begun
The idea of state and central polls being held in sync has its pros and cons that need careful examination
Truth About AIFs: Debunking Myths, Tapping Potential
AIFs emerge as a promising avenue for asset diversification, as well as for wealth creation
