The Mumbai-based fintech will use the fresh capital to scale its EMI-on-UPI offering and grow its merchant network across India.
The latest round, aimed at helping employees meet ESOP-related tax obligations, doubles General Atlantic’s stake to 9% as PhonePe gears up for a $1.35 billion public listing.
Several other key institutional investors also participated in the buying spree. AB Sun Life Mutual Fund acquired a 0.72% stake, equivalent to 18.60 lakh shares, at Rs 802.50 per share. HSBC Mutual Fund purchased a 0.31% stake, totaling 8.09 lakh shares, at the same price.
Singapore-based Growtheum Capital and Asia-focused fund Everstone Capital are among the others who are in the race for the Faridabad-based hospital chain
Anand Agarwal, former chief financial officer of Amazon’s consumer business in India, has been handed over Misra's responsibilities.
Naik had joined the firm as Managing Director and the head of its India office in late 2012. Sources said that his responsibilities will be handled by Shantanu Rastogi in India and Neal Kok in Southeast Asia.
More than 1.27 crore shares or a 4.9 per cent stake in PNB Housing Fin were disposed of by both entities.
US-based private equity firm General Atlantic through its affiliate General Atlantic Singapore Fund Pte offloaded shares of KFin Technologies.
The PE firm acquired a 58 percent stake in the pharmaceutical products development company in 2019
General Atlantic's former investments in India in the sector include Rubicon Research, ASG Eyecare and Hyderabad's KIMS Hospitals.