SII buys stake in Policybazaar

Insurance aggregator platform Policy Bazaar has got 5 new investors. Among the companies that have bought stakes in Policybazaar, Serum Institute of India, the country's largest manufacturer of vaccines, is also involved. Prior to Policybazaar's IPO, private equity fund manager True North Fund, one of its biggest investors, has reduced...

Adani Tranimission to acquire Warora-Kurnool Transmission

New Delhi: Power transmission and retail distribution company Adani Transmission Limited (ATL) has signed definitive agreements with Essel Infraprojects Limited (EIL) for the acquisition of Warora-Kurnool Transmission Limited (WKTL) for an enterprise value of Rs 3,370 crore. The regulatory approval for substitution of original awardee in the contract by Adani...