Camshaft disclosed in court filings this week that some $ 533 million it managed for Byju’s Alpha, a U.S. unit of Indian edtech group Byju’s, was transferred to another 100% and U.S.-based subsidiary of Byju’s, thereby refuting allegations that the Indian firm used the wealth manager’s services to misappropriate money. In the court filings, Camshaft […]
Reliance-backed Viacom18 agrees to buy 60% of Disney’s India unit, report says
Reliance-backed Viacom18 has reached an agreement to buy 60% of Disney’s India unit, WSJ reported Thursday, creating a pathway for the Indian conglomerate to form a $ 10 billion media giant in the South Asian market. The deal, which WSJ says will close this month, values Disney’s India unit at $ 3.9 billion, the report […]