Bengaluru based Junior Sports and Services, which works under the brand name ‘SportzVillage’, has raised about R65 Cr from mid stage PE firm Gaja Capital. The proceeds from the latest round will be used to...
TVS Capital Acquires Additional Stake In IEX
PE firm TVS Capital has increased its stake to 4% by shelling out an additional R9 Cr in Indian Energy Exchange. Last month, TVS Capital through its fund TVS Shriram Growth Fund-IB, had picked up a 3.1% stake for R72 Cr...
Hindalco, Birla Carbon to raise $2.4-bn via bonds
Aditya Birla group companies Hindalco and Birla Carbon are tapping the international markets to raise around $2.43 billion by early next year, to bring down their financing costs. Hindalco is planning to raise $1.5...
Japanese investors return to to India seeking emerging market yield
Just two years after India’s policymakers stared down a major capital flight threat, the country has become a hot emerging market investment destination for one of the world’s most robust sources of capital...
Piramal, Axis Bank invest in Noida realty project
The Piramal Group’s Piramal Fund Management and Axis Bank have co-funded Rs 550 crore in a mixed-use property project of The 3C Company in Noida, an executive in the know has said. This is the largest real estate...
M&A Leaks Fall to Lowest in Six Years in Regulatory Crackdown
The number of times investors found out about takeovers before deal announcements fell to the lowest level in six years in 2014 as stronger regulation discouraged gossip, according to a report that examines suspicious...
Delta Air Lines, trust offer to raise Aeromexico stake to up to 49 pct
Delta Air Lines Inc said Wednesday it intends to buy up to an additional 32 percent of Grupo Aeromexico SAB de CV, in what could be a nearly $600 million cash deal that strengthens its grip on a fast-growing market. The...
Amtek Auto may sell Tekfor for Rs 6,000 crore
Debt-ridden Amtek Auto might end up selling Tekfor, the German forging company it acquired in 2013, for Rs 6,000 crore. The Delhi-based automobile component maker is looking to receive bids from about a dozen bidders...
Prabhat Dairy IPO – On a Firm Footing
Initial Public Offer (IPO) is a landmark activity for any company, as it can pave the way for tremendous success in the future. It requires extensive planning like structuring, capital reorganisation, management...
Jugnoo raises $3million in series B funding
Jugnoo announced that it had closed a $3 million series B funding with investment from Paytm and Kunal Shah of Freecharge. The funds raised will be invested in expansion plans and to streamline processes in new cities...
Piramal Abbott Story : Deal Impact
In 2010, Ajay Piramal promoted Piramal Healthcare sold off its main formulation business to Abbott India for over INR 17,000 crore and announced a buy-back of up to 20% of outstanding share capital of the company at INR...
Marriott to buy Starwood to create world’s biggest hotel chain
Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world’s largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph...