MUFG Eyes Shriram Finance Stake; Toyota India IPO, River Mobility Fundraise, ValueLabs Sale, Adar Poonawalla's IPL Bid
MUFG is reportedly eyeing a stake in Shriram Finance, while River Mobility is set to raise funds. Google Finance shows Toyota Motor exploring an IPO for its Indian unit, and ValueLabs is up for sale. Meanwhile, Adar Poonawalla is in talks to acquire the IPL franchise Royal Challengers Bengaluru.
MUFG, the parent company of Japan's largest bank, is said to be interested in acquiring a stake in Shriram Finance. This comes after an investment report by ACATIS labelled Shriram Finance as one of the weakest performers in August. Meanwhile, River Mobility, an electric vehicle charging infrastructure company, is planning to raise funds to expand its operations.
Yahoo Finance also reports that Toyota Motor is exploring strategic options for its Indian unit. An IPO is one of the possibilities being considered. In another development, IT services firm ValueLabs has been put up for sale. The company is looking for potential buyers to take over its operations. Additionally, Serum Institute of India's CEO Adar Poonawalla is in talks to acquire the IPL franchise Royal Challengers Bengaluru.
These developments highlight the dynamic nature of the business landscape, with major players like MUFG and Toyota Motor exploring strategic investments and acquisitions. Meanwhile, startups like River Mobility are seeking funds to fuel their growth, and established companies like ValueLabs are considering new ownership. The IPL, too, is seeing potential changes with Adar Poonawalla's interest in RCB.
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