The Department of Investment and Public Asset Management (DIPAM) has selected Cyril Amarchand Mangaldas for the role of legal advisor in IPO offer of LIC on September 26. Following the applications rolled out on July 15, the decision was made after four law firms showed interest. Firms including Crawford Bayley, Cyril Amarchand Mangaldas, Link Legal and Shardul Amarchand Mangaldas & Co presented their ideas to the board.
Bengaluru-based biopharmaceutical company Biocon on October 7 announced an injection of capital worth Rs 1,125 crore ($150 million) by investment giant Goldman Sachs in its subsidiary Biocon Biologics. Goldman will be issued an Optionally Convertible Debentures in return of the investment. The capitalization will help Biocon Biologics invest in its R&D and manufacturing and further expansion in the global market. Interestingly, this is… read-more
Courtesy: The Times of India
Sources have informed that Goldman Sachs will be acquiring the credit card business of General Motors with a $2.5 billion deal. Reportedly, Goldman Sachs agreed to the amount and the deal will be finalized in the upcoming weeks. This will be the second partnership of Goldman Sachs after its agreement with Apple in 2019. The acquisition aims to help Goldman Sachs to expand exponentially in the banking sector.