Ugro Capital, a non-banking finance company catering to small and medium businesses, has raised fresh capital of Rs 1,322 crore from a mix of new and existing investors and family offices through compulsory convertible...
SVB Financial to sell VC business SVB Capital
Collapsed U.S. lender SVB Financial Group said on Thursday that an entity affiliated with Pinegrove Capital Partners will acquire its venture capital business, SVB Capital. A newly-created entity, backed by permanent...
IRDAI nod likely soon for IIHL’s buyout of Reliance Capital’s three insurance arms
The Insurance Regulatory and Development Authority of India (IRDAI) is most likely to give the go-ahead to IndusInd International Holdings Limited’s acquisition of Reliance Capital’s three insurance...
Reliance Capital lenders ask Hinduja Group arm IIHL to stick to resolution plan deadline, seek ₹9,650 crore
Lenders of debt-ridden Reliance Capital (RCAP) have asked the Hinduja Group arm IndusInd International Holdings Ltd (IIHL) to expedite the process of obtaining necessary regulatory approvals and stick to the resolution...
Vista Outdoor asks MNC Capital to increase $3 bln buyout offer
Vista Outdoor on Monday pushed MNC Capital to raise its offer to acquire the sporting and outdoor products maker, saying the investment firm’s current bid of $3 billion undervalued its performance gear business...
Al Gore firm, CapitaLand eye Radiance acquisition
Former US vice-president Al Gore-headed Generation Investment Management’s Just Climate LLP, and Singapore’s CapitaLand Investment Ltd are among entities exploring an acquisition of Radiance Renewables Pvt. Ltd, two...
NCLT refuses to stay Byju’s EGM to increase its authorised share capital
The National Company Law Tribunal on Thursday refused to stay Byju’s extraordinary general meeting (EGM) that will be held today to augment the authorised share capital of the beleaguered edtech company, giving...
Oakley Capital considers sale of Ocean Technologies Group, sources say
Oakley Capital is weighing options, including a sale, for its Norwegian maritime training software company Ocean Technologies Group (OTG), three sources close to the matter told Reuters. The London-based private equity...
IRDAI seeks more details from IIHL to approve deal for Reliance Capital’s insurance business
In a letter to the administrator of Reliance Capital (RCap), IRDAI said it cannot undertake due diligence regarding acquisition of the distressed financial services company’s insurance business by Hinduja-owned...
Quadria Capital backed HealthQuad exits AINU
HealthQuad, a healthcare-focused venture capital fund backed by Quadria Capital, has exited from the Asian Institute of Nephrology and Urology (AINU), India’s largest single-specialty hospital network dedicated to...
Samara Capital eyeing 50% in Del Monte Foods as well as a minority stake in Godrej Tyson Foods
PE firm Samara Capital is in talks to acquire 50% in pasta and sauces maker Del Monte Foods from Bharti Enterprises as well as a minority stake in Yummiez frozen foods maker Godrej Tyson Foods, executives aware of the...
Hinduja company taps Japanese banks to fund Reliance Capital buy
Hinduja group company IndusInd International Holdings Limited (IIHL) has approached Japanese banks to raise up to ₹8,000 crore to finance a bid for Reliance Capital, formerly promoted by Anil Ambani, ahead of the May 27...