Roopsha Dasguupta
This is the Daily Edit from the economic times. Your quick capsule of daily business news it is September 14. And here is what we are tracking kick starting with global news stock markets worldwide faced a sell off as a hot inflation report from the United States fueled bets for big rate hikes. The report is one of the last that fed will see ahead of the September 20 and 21st. Meeting traders are betting that the US central bank will deliver its third consecutive 75 BPS high the rising bets on rates sent stocks thinking with the minus 30 Stock Index Dow tumbling 1200 points recording its worst day since June 2020. Twitter shareholders approved Tesla chief Elon Musk's $44 billion paid to by the social media platform the approval to accept Musk's offer of 54.2 $ per share was substantially higher than Twitter's current trading price below. $42 was widely expected Twitter has forged ahead with the deal despite Musk's attempts to back out because of what he says are problems with the company's business. The vote took place during a short virtual meeting after brief remarks by Twitter CEO Parag Agarwal, a US judge gave a lifeline to Musk by allowing him to amend his complaint against Twitter but rejected delaying the lawsuit over the disintegration of the billionaire's deal to acquire the social media company. Twitter goes to trial against mass in October. In domestic M and A use a handful of strategic and private equity investors, including Blackstone, CBC capital, Temasek, and Max healthcare are vying to acquire care hospitals from evecare a wholly owned entity of TPG growth, people with knowledge of the matter told economic times one of the sources said even Brookfield is in the fray, but it could not be independently verified. Among the largest hospital chains in India, the dealing involving 2400 beds 15 hospitals in India and two in Bangladesh will value get hospitals at around rupees 7500 crore, that is $950 million. That would also make it the second largest hospital buyout in India after the IHH Fortis transaction in 2018. SEBI takes center stage as et reports, the regulator is inquiring who controls PE we see funds. People familiar with a query told ET that the market regulator asked these pooled investment vehicles which raise money from domestic as well as foreign investors to specifically spell out whether their manager is owned and controlled by persons who are residents of India or are based outside the country. While the nature of the questions coming a decade after the first set of AIF regulations has baffled many fund officials and regulatory professionals fearing that the issue raised by the regulator can have deeper implications. You have been listening to Roopsha Dasguupta, tune into et play Economic Times latest platform for all audio content.