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Adani Enterprises raised ₹5,985 crore from anchor investors including global funds, sovereign wealth funds from the Middle East and domestic insurers ahead of the start of its ₹20,000 crore follow-on public offer on January 27.
Two of the early backers of Flipkart — venture fund Accel Partners and New York-based investment firm Tiger Global are in talks to sell their remaining stake in the ecommerce company — which collectively amounts to about 5% — to its parent Walmart, multiple people aware of the matter told ET.
The Directorate of Enforcement (ED) has opposed the move to decriminalise provisions in the Prevention of Money Laundering Act (PMLA), warning that this will curtail the agency’s powers and impede its working.
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