Blackstone Inc. and Warburg Pincus are exploring strategic options for IntraFi, a fintech firm focused on securing bank deposits, potentially leading to a sale valued at $12 billion or more. Discussions with investment banks are underway, with interest expected from large financial technology firms or a possible initial public offering in early 2025.
The Tiger Grandcub, led by Glen Kacher, has maintained its status as a top performer, with its long-short fund gaining 5.78% in October, bringing its year-to-date return to 53.26%. Light Street Capital's long-only fund rose 3.84% in October, up 39.85% for the year. The firm remains bullish on AI and semiconductor stocks, with Nvidia and TSMC as major holdings, while also initiating a position in Celestica, which surged 34% in October.
OYO reported a net profit of Rs 158 crore in Q2 FY25, a significant recovery from a loss of Rs 50 crore in the same quarter last year. The company's revenue rose to Rs 1,578 crore, up from Rs 1,413 crore in Q1. OYO's H1 FY25 net profit reached Rs 290 crore, contrasting with a net loss of Rs 91 crore in the previous fiscal year. Additionally, OYO has acquired G6 Hospitality, the parent company of Motel 6 and Studio 6, from Blackstone.
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