Lenskart's $200-million secondary; Wipro’s Delaporte’s golden handshake
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Temasek, Fidelity may invest $200 million in Lenskart at $5 billion valuation
Singapore’s Temasek and US’ Fidelity are in advanced discussions to invest around $200 million in Lenskart through a secondary share sale at a valuation of about $5 billion, three people aware of the matter said.To put this in perspective, the round would take the homegrown eyewear company’s valuation to over three times that of Warby Parker, a New York-based online retailer for spectacles and contact lens. Warby Parker listed on the NYSE late in 2022 and has a market capitalisation of around...
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Sixty-Six U.S. Representatives urge Congressional Appropriators to allocate $200 million for Artsakh refugees
Sixty-six U.S. Representatives have called on U.S. House Appropriations Committee leaders to allocate $200 million in U.S. assistance for Artsakh refugees, expand U.S. military aid to Armenia, suspend all military and security assistance to Azerbaijan and explore the application of sanctions on Azerbaijani war criminals, reported the Armenian National Committee of America (ANCA). The ANCA-backed bi-partisan …
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srinivas pallia salary: Wipro’s new CEO Srinivas Pallia to get max pay of $7 million
Wipro’s new CEO and MD, Srinivas Pallia, will receive a maximum compensation of $7 million per annum for the first two years, including a cash compensation that may range from a minimum of $1.75 million and a maximum of $3 million per annum.The IT major in a filing with BSE also said that the former CEO, Thierry Delaporte will be paid $4.33 million in the form of cash compensation and applicable social security contributions, subject to appropriate deductions. Meanwhile another exchange filing...