Latest News for: Acquisitions fund


Long-term capital gains in debt mutual funds set to go

Financial Express 24 Mar 2023
Currently, investors in debt funds pay income tax on capital gains according to their income tax slab for a holding period of three years and after that, they are taxed at the rate of 20% with indexation benefits or 10% without indexation ... Redemption of the units won’t be a requirement for computing the gains, post the cost of acquisition.

IDIS Co., Ltd. to Acquire Costar Technologies, Inc.

Longview News-Journal 24 Mar 2023
The acquisition will be funded by existing cash reserves of IDIS ... With this acquisition, IDIS will diversify and synergize its presence in the government sector and intelligent transportation systems ... The present Costar management team and employees are expected to join IDIS following the closing of the acquisition.

These ketamine clinics were a lifeline for military veterans, until they all abruptly closed

Yahoo Daily News 24 Mar 2023
Selfie of U.S ... (Travis Zubick) ... (Sharna Horn) ... In a memo obtained by NBC News, CEO Kevin Nicholson told patients and staff that the closures were due to a business acquisition that went south and funding that "never materialized." ... But later that year, "KWC became the funding arm of Delic instead of the recipient," Nicholson wrote in the memo ... ....

Physics Wallah seeks to raise $250M in funding: Report

Your Story 23 Mar 2023
Edtech unicorn Physics Wallah is reportedly in preliminary negotiations to raise at least $250 million in funding from new and existing investors ... It seeks to raise fresh funding not because it requires it, but to increase its valuation and to fund possible mergers and acquisitions, it added.

CCI approves LIC MF’s acquisition of management rights of IDBI MF schemes

Business Line 23 Mar 2023
The Competition Commission of India (CCI) has approved LIC Mutual Fund Asset Management Ltd’s (LIC AMC) proposed acquisition of the management ...


Longview News-Journal 23 Mar 2023
and Sunstone Partners Management, LLC (the "Acquisition") ... The Acquisition was completed on January 12, 2023 ... Also, over the years the firm has recovered or secured over a dozen cash common funds for shareholders in merger and acquisition class action cases.

House, Senate differ on land money, resiliency

Citrus County Chronicle 23 Mar 2023
“The governor has set a goal of funding for Everglades restoration and water quality issues of $3.5 billion over the next four years,” Senate Agriculture, Environment and General Government Appropriations Chairman Jason Brodeur, R-Sanford, said Tuesday ... The initial Senate proposal calls for providing $564 million in Everglades funding.

JPMorgan to Acquire Leading Data Platform Aumni in Venture Capital Service Push

Coinspeaker 23 Mar 2023
Furthermore, the banking powerhouse expects to wrap up the acquisition in the first half of 2023 ... The Aumni acquisition feeds into JPMorgan’s larger plans to forge deeper ties with the venture capital space amid the banking crisis. The bank reportedly decided to purchase the data analytics platform after leading its funding round in 2021.

Crispin Odey ploughs into UBS after Credit Suisse ‘steal’

The Times/The Sunday Times 23 Mar 2023
Crispin Odey has taken a punt that UBS will end up profiting from its state-backed acquisition of Credit Suisse by pouring his funds’ money into the Swiss bank’s shares ... his Odey Asset Management funds into UBS.

Community House receives $5.3 million state grant for youth homeless shelter in Longview

TDN 23 Mar 2023
The Rapid Capital Housing Acquisition grant provides funding to acquire real property for rapid conversion into emergency shelters, permanent supportive housing, transitional housing, permanent housing or youth housing ... Morrison said it will take about three months to put together the contract with the state and receive the grant funding.

Moody's affirms ratings of six Saudi corporates and revises their outlook to positive

The National 23 Mar 2023
One of the world’s largest sovereign wealth funds, the PIF receives contributions from the government, both monetary and through asset transfers, Moody’s said. It expects the fund to maintain sizeable cash balances, in addition to an undrawn rapid credit facility (RCF) to fund potential acquisitions and investments.

QuadraNet Acquires Commercial Managed Services And Private Cloud Division From Contegix

Web Hosting Talk 23 Mar 2023
The acquisition is the latest in a series of strategic moves by QuadraNet to expand its range of hosting and managed services ... VSS has over three decades of experience, made investments in 95 portfolio companies with over 400 add-on acquisitions, and manages $4 billion in aggregate committed capital across eight (8) funds.

PYN Elite Fund becomes major shareholder of MIG

The Saigon Times 23 Mar 2023
HCMC – The Finnish equity fund PYN Elite has become a major shareholder of Military Insurance Company after it raised its ownership from 4.99% to 5.29% through its acquisition of 500,000 MIG shares. The fund now holds over 8.7 million MIG shares. PYN Elite Fund, established in 1999, is managed by PYN Fund Management ... .

Amid climate change and wildfire recovery, New Mexico enacts new law for conservation spending

Albuquerque Journal 23 Mar 2023
The remaining $50 million goes into a permanent fund, where it will be invested and be available for future projects ... Opponents, in turn, said they wanted more assurance the bill wouldn’t provide funding for land acquisition that would take property from private owners.

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A police officer walks with a K-9 in front the courthouse ahead of former President Donald Trump's anticipated indictment on Thursday, March 23, 2023, in New York.
AP / Eduardo Munoz Alvarez