Boring Money

WeWork Inc is exiting its India business by selling to WeWork India's majority shareholder, Embassy Group. But there's more to it than meets the eye. Get full access to Boring Money at boringmoney.in/subscribe

JM Financial wants to sell Piramal's bonds to investors but no large investor wants to buy them. Here's what it does.To read: https://boringmoney.in/p/jm-financial-did-funny-stuff-bonds Get full access to Boring Money at boringmoney.in/subscribe

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Pharmeasy had to choose between selling its recent acquisition, Thyrocare, or stifling its investors that have been with it for the last 8 years. It chose the latter. Get full access to Boring Money at boringmoney.in/subscribe

SEBI issued a number of orders against companies failing to make timely disclosures. SAT agrees that the companies were at fault, yet overturned SEBI's orders. Now the issue is with the Supreme Court. What's happening?To read: https://boringmoney.in/p/sebi-feuds-with-sat-in-sc Get full access to Boring Money at boringmoney.in/subscribe

Four years ago I read an article in The Ken about how Byju's was selling loans to parents and putting them in a debt trap. Three days ago, Byju's sued its own lenders accusing of putting it into a debt trap. Here's the story. To read it in full: https://boringmoney.in/p/byjus-is-sued-by-its-lenders Get full access to Boring Money at boringmoney.in/subscribe

SEBI just released a consultation paper that changes how mutual funds can charge their fees. Here are two incentives that SEBI is trying to change.1. Mutual funds today earn when they accumulate money. SEBI is enabling them to instead earn when they perform better. 2. Distributors hold sway over their customers and switch them to new funds because they receive higher commissions. S

Go First goes to NCLT and declares voluntary insolvency. Wadia Group, which owns Go First, might be submitting a bid to continue owning the company. This whole episode might just be a way for the Group to get a discount on its debt. But there might be other buyers. Get full access to Boring Money at boringmoney.in/subscribe

Unacademy buys a non-profit CodeChef from Directi. After two years, it turns it into a for-profit but gives away ownership to the management. Get full access to Boring Money at boringmoney.in/subscribe

GoMechanic commits accounting fraud, and that crashes its valuation. CarTrade wants to buy GoMechanic, but is waiting to close the deal likely for cheaper. Finally, GoMechanic's founders might get rich anyway. Get full access to Boring Money at boringmoney.in/subscribe