HomeNewsBusinessMC Insider: Who brokered the Punjab Congress peace, realty star’s homecoming, boardroom battle, IPO friction and more
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July 19, 2021 / 08:33 IST
MC Insider
MC Insider


BITTERSWEET IPO?


This fintech's IPO has one of its key investors in a bind. The top VC firm and the company are believed to have had a rocky relationship. We hear the fintech's founder always thought that the VC firm preferred another competing company it invested in, which was eventually sold for a neat sum. The IPO-bound fintech will make this investor good money, but rumour has it that this investor hardly spends time with this company on its listing plans and isn't exactly hands on. In fact, its board member also resigned a few years back. Intriguing scenario indeed considering that VCs are huge proponents of IPOs.

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BOARD SEAT SAGA


A little birdie from the world of lenders tells us that a prominent investor who holds a significant stake in one of the private sector banks is now eyeing a board seat. The investor had to move out of the board for regulatory reasons a while ago and buzz is that this investor is lobbying hard with the board to get a slot. Discussions are on at the highest level. The investor may succeed in this bid very soon unless a last-minute surprise is in the offing. Watch this space for an update!