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Shriram Housing Finance, a subsidiary of Shriram City Union Finance, is actively pursuing a smaller lender in the affordable housing space for acquisition and merger while valuation mismatch may pose a hurdle to the scheme of things. Talks are on, said managing director Ravi Subramanian.

After initially testing the waters with lending for 589 EV purchases and a book size of ₹5,100 crore, the bank aims to triple the book size by 2025.

These tax red flags include errors in capital gains tax computations, erroneous declarations, suppression of income and wrong exemption claims, people with direct knowledge of the matter told ET. The notices were sent in October and up to November 15 and largely relate to tax returns for FY22.

The fundraise comes at a time when beer consumption is seeing strong recovery after two years of pandemic-induced stress that led to closure of bars and restaurants, followed by curbs on operating hours of bars and serving of alcohol.

The S&P 500 energy sector index fell almost 3% on Monday to its lowest level in four weeks as oil prices tumbled more than 5% after a report that Saudi Arabia and other OPEC oil producers were discussing an output increase. The index, however, pared losses after Saudi Arabia denied talks about it.

Kaynes Technologies India is set to make its debut at the bourses on Tuesday after the company raised Rs 858 crore via its initial public offering between November 10-14 by selling the shares in the range of Rs 559-587 apeice.

In June 2019 results, SVF reported over $20 billion in investment gains. The going was so good that SoftBank announced the launch of SVF2, hoping to collect over another $108 billion. Saudi SWF didn’t participate in thesecond fund but it still ended up with a total commitment of $56 billion.

The Dow Jones Industrial Average rose 14.6 points, or 0.04%, at the open to 33760.3

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The acquisition bid was triggered after Vishvapradhan Commercial Private Limited (VCPL), a wholly owned subsidiary of AMG Media Netwrosk Limited, exercised the rights to acquire 99.5% of the equity shares of RRPR Holding Private Limited, a promoter group company of NDTV, earlier in August.