In India’s largest fintech acquisition deal, digital payments gateway provider PayU has acquired a controlling stake in Nexus Venture Partners-backed fintech start-up PaySense at a valuation of $185 million. As part of...
RCom CoC to seek 24-day extension for asset sale as deadline ends on Jan 10
The committee of creditors (CoC) tasked with finding buyers for the Anil Ambani-promoted Reliance Communications and its two arms decided at a meeting on Thursday to seek an extension of 24 days from the National...
In biggest equity-raising exercise, Airtel launches $2-bn share sale
India’s second-biggest wireless telephony major, Bharti Airtel, has begun marketing its $2-billion (Rs 14,350 crore) equity issuance to institutional investors on Wednesday to pay the AGR (adjusted gross revenues) dues...
GMR subsidiary forms JV with ESR to develop industrial park in Hyderabad
GMR Hyderabad Aerotropolis Limited (GHAL), a subsidiary of GMR Hyderabad International Airport Limited (GHIAL) has formed a joint venture with ESR Hyderabad 1 Pte Limited (ESR), a subsidiary under the Hong Kong...
Air India sale ready to take off: GoM okays EoI, share purchase agreement
A group of ministers (GoM) on Tuesday finalised the sale of the entire government stake in state-owned Air India (AI). The alternative mechanism for AI, led by Home Minister Amit Shah, approved the Expression of...
Angel investment group invests $1 million in tea selling retail Chai Kings
Angel investment group, The Chennai Angels (TCA) announced an investment of $1 million in tea selling retail chain Chai Kings, along with Hyderabad Angels and TiE India Angels. Chai Kings, founded in 2016, is the...
Jaypee Infra’s IRP approaches NCLT Allahabad for approval of NBCC’s bid
Jaypee Infratech’s Interim Resolution Professional Anuj Jain has filed an application before the National Company Law Tribunal (NCLT), Allahabad, to approve the bid of state-owned NBCC to acquire debt-laden realty...
Aakash Educational Services acquires ed-tech firm Applect for Rs 100 crore
Entrance test preparation services provider Aakash Educational Services Ltd (AESL) on Monday said it has acquired ed-tech company Applect Learning Systems for Rs 100 crore. The company has entered into a definitive...
Kredent InfoEdge plans to raise $8 million in the next two years
Fintech-cum-education startup Kredent InfoEdge is looking to raise $8 million in the next two years to fund its growth and strengthen the services by leveraging technology, a company official said. The city-based...
Oil PSU unions oppose BPCL disinvestment, say it will cause long-term loss
Employee associations of state-run oil companies on Saturday opposed planned strategic sale of Bharat Petroleum Corporation (BPCL), stating that it may bring revenue for the government but its long-term impact will be...
Vedanta to raise up to Rs 2,000 cr through non-convertible debentures
Vedanta Ltd on Sunday said it proposes to raise up to Rs 2,000 crore via issuance of non-convertible debentures (NCDs). “We would like to inform you that the company proposes to offer rated, secured, redeemable...
Bharti Airtel gets shareholders nod to raise up to $3bn in equity, debt
Shareholders of Bharti Airtel have approved proposals to raise up to $ 2 billion in equity and another $ 1 billion in debt. The proposal for issuance of securities for amount up to $ 2 billion received 99.99 per cent...
