Ant Group executives step down from Alibaba Partnership

A number of mid-sized and small Indian firms with abroad models are going through delays in securing regulatory approvals for investments into international subsidiaries or funds to offshore buyers, individuals accustomed to the matter informed ET.

Reliance Industries, Thailand’s largest conglomerate CP Group, and Lightspeed Enterprise Companions — the bulk shareholder of on-line wholesale platform Udaan — have emerged because the three remaining bidders for Metro Money and Carry’s India enterprise, two senior business executives stated.