D.E. Shaw invests in Indian PIPE
DE Shaw, a global private equity and hedge fund company, is reportedly closing in on a 14.16 % stake acquisition in listed media channel operator New Delhi Television Ltd. (NDTV) INR70 crore ($158.4 million).
While the assets manager declined to comment, local media indicated that the firm will buy the stake from Merrill Lynch Capital Markets and Nomura Capital, paying INR76.55 ($1.73) a share. The US investment...
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