The acquisition of Anil Ambani’s Reliance Entertainment by its former chief executive officer Shibasish Sarkar through his new venture International Media Acquisition Corp. is likely to be finalized by March or April...
Webscale raises $26 million to accelerate e-commerce cloud
E-commerce cloud company Webscale said it has raised $26 million from investors and Silicon Valley Bank. The Series C round was led by BGV, STCAP Ventures and Mohr Davidow Ventures, with participation from Grotech...
Convergent Finance invests $14 mn in Jyoti Foods
Convergent Finance LLP, the Mumbai based private equity fund, has invested Rs.107 crore ($14.1 million) in Jyoti International Foods, an end-to-end Supply Chain solution provider in Indian food services industry, for...
Cineworld tops North American box office with Cineplex deal
Cineworld will buy Canada’s Cineplex for $1.65 billion in cash, making the British firm the biggest cinema operator in North America as it looks to tackle increasing competition from online streaming services. Cineworld...
Alteria raises Rs 960 cr in maiden funding from IndusInd, SIDBI and others
Alteria Capital, a home-grown venture debt player, has raised Rs 960 crore (or $140 million) in its maiden fund to back high-growth start-ups at a time when venture debt is attracting investors looking to grow their...
NIIF may invest $100 million in Multiples PE’s third fund
The National Investment and Infrastructure Fund (NIIF) is considering an investment of $100 million in the third fund of private equity firm Multiples Alternate Asset Management Pvt. Ltd, two people close to the deal...
UFO Moviez, Qube Cinema merger hits NCLT roadblock
Mumbai-based digital cinema distribution company UFO Moviez’ planned merger with Chennai-based Qube Cinemas Technologies has hit a major roadblock in the National Company Law Tribunal (NCLT). Keeping in mind...
PVR looks to raise up to $100 million through QIP
PVR Ltd has held conversations with various investors in recent weeks as India’s largest multiplex operator looks to raise around $100 million through a qualified institutional placement (QIP) offering, said two people...
PVR to raise Rs 750 crore, seeks shareholders’ nod
Multiplex chain operator PVR Friday said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders’ nod. In a regulatory filing, PVR...
Renuka Ramnath’s PE firm buys 37% stake in Gunit Chadha’s NBFC
Renuka Ramnath-led private equity (PE) firm Multiples Alternate Asset Management Pvt. Ltd has acquired a minority stake in non-banking financial company (NBFC), APAC Financial Services, said a top Multiples executive...
Inox open to Acquisitions to boost growth: Siddharth Jain
Inox LeisureNSE 1.02 %, India’s second-largest multiplex player in terms of screens, footfall, revenues and market share, is ready to embark on an aggressive growth strategy, which its promoters said could include...
WPP’s Grey buys Autumn Worldwide to increase digital footprint in India
WPP-owned advertising agency Grey, has acquired a majority stake in Bengaluru-based independent digital agency Autumn Worldwide to increase its digital footprint in India. Michael Houston, worldwide CEO of Grey Group...