Mumbai: Property developer Peninsula Land Ltd plans to sell 150 acres of land in three cities to raise Rs800 crore, a top company executive said. The Ashok Piramal Group company plans to use most of the sale proceeds to...
Renewable energy firm ACME Cleantech raises Rs500 crore
Mumbai: Delhi-based renewable energy and telecom solutions company ACME Cleantech Solutions Pvt. Ltd has raised Rs500 crore from Ajay Piramal-controlled Piramal Enterprises Ltd. The investment in ACME was done by...
GMR Enterprises in talks to raise around Rs300 crore
GMR Enterprises Pvt. Ltd, the holding company of Hyderabad-based infrastructure conglomerate GMR Group,is in talks to raise around Rs300 crore in structured debt to refinance some existing debt, two people aware of the...
Flipkart in talks with Wal-Mart, CPPIB for $1 b funding
After a year of discussions with various global investment firms, Indian e-commerce giant Flipkart may soon close a deal to raise around $1 billion to fuel its expansion and take on arch rival Amazon.in. According to...
Khandelwal Labs in talks to sell oncology portfolio to Italy’s Menarini
Drug maker Khandelwal Laboratories is in advanced talks to sell its oncology portfolio to Italy’s Menarini for close to Rs170 crore, two people familiar with the development said. “The acquisition will be carried out by...
Baring Private Equity Asia drops out of race to buy ICICI Home Finance
MUMBAI: Baring Private Equity Asia, which partnered rival India Value Fund Advisors(IVFA) in a plan to buy ICICI Home Finance, has walked out of the deal in its final stages, three people with knowledge of the matter...
Sathavahana Ispat in talks to raise Rs500 crore in debt funding
Mumbai: Sathavahana Ispat Ltd is in talks with Piramal Enterprises Ltd’s structured financing group (SFG) and others to raise as much as Rs500 crore in debt funding, two people aware of the development said. “They are...
ReNew Power plans to raise $500 million via offshore bonds
Mumbai: Green energy producer ReNew Power Ventures Pvt. Ltd plans to raise around $500 million (Rs3,300 crore) through an offshore bond sale and use the proceeds to repay part of its domestic debt, said three people...
Altico Capital invests Rs500 crore in realty firm Nirmal Group
Bengaluru: Altico Capital India Pvt. Ltd, a non-banking financial company (NBFC) backed by Asia-focused investor Clearwater Capital Partners LLC, has invested Rs500 crore in three residential projects of Mumbai-based...
Oriental Bank of Commerce, other lenders to pick 30% stake in Shriram EPC
Mumbai: A consortium of lenders led by Oriental Bank of Commerce will take around 30% stake in Shriram EPC, the engineering unit of the $10-billion diversified Shriram Group, as part of a corporate debt restructuring...
Lupin says looking at buyout opportunities in domestic market
Mumbai: After a series of acquisitions in overseas markets over the past two years, Lupin Ltd is looking at buyout opportunities in the domestic market to gain market share, said a top executive. These could be either...
Tata Power, ICICI Venture team up, eye power assets
MUMBAI: With the government relaxing rules following a surge in bad loans, funds have been attracted by the prospects of acquiring troubled assets at deep discounts. Tata PowerBSE -2.46 %, which pioneered electricity...