Premjiinvest
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Snapdeal merger: Early investor Kenneth Glass backs Kunal Bahl's decision to call off talks
•"Ten years ago, I believed in Kunal and Rohit's vision to create a successful company in India and was excited to be their very first investor," Glass wrote in an email.

Flipkart's $950 mn offer: Snapdeal to seek view of Ratan Tata, PremjiInvest, other investors
•Snapdeal Board is now expected to meet next week

PremjiInvest buys 3.26% stake in Future Lifestyle for Rs 196 crore
•The shares were acquired at an average price of Rs 316 apiece
Snapdeal board negotiating with Flipkart over better offer for takeover
•The deal between Snapdeal and Flipkart, if completed, would mark the biggest acquisition in the Indian e-commerce space.

Azim Premji's investment arm objects to special payouts to Snapdeal founders, 2 shareholders
Fp Staff •Wipro's family office has objected to special payments to two of its co-founders Kunal Bahl and Rohit Bansal and two early investors

Retail, QIBs help ICICI Prudential Life IPO subscribe nearly 2 times
•At full subscription, the quota set aside for qualified institutional buyers was oversubscribed 1.88 times, while retail portion has been oversubscribed 1.02 times

ICICI Prudential's Rs 6,000 cr IPO, first by an insurer in India, to hit market today
•This would be the biggest initial public offering after Coal India. The state-run firm had hit the capital markets in 2010 to raise over Rs 15,000 crore.



