Nithia Capital, a UK-based alternative investment manager that specialises in turning around underperforming facilities, has identified around 15 stressed steel assets in India for acquisition. While Nithia has zeroed...
Lupin divests its Japanese injectables business to Abu Dhabi company
Mumbai-headquartered Lupin on Thursday announced an agreement to sell its Japanese injectables business to neo ALA Co. Ltd, a wholly-owned subsidiary of Abu Dhabi-based Neopharma group. The company said that the move...
Food-tech start-up HungerBox raises Rs 16-crore funding from Paytm parent
Food catering start-up HungerBox has raised Rs 15.99-crore funding from Paytm parent One97 Communications and Sabre Partners Trust, according to filings with the Ministry of Corporate Affairs. The firm is raising Rs 57...
IL&FS board seeks NCLT nod to sell wind assets to Orix Corp for Rs 4,800 cr
The IL&FS Board on Tuesday sought the approval of the National Company Law Tribunal (NCLT) to sell seven wind assets to Japan’s Orix Corporation for Rs 4,800 crore, which will help reduce its debt burden of Rs...
Tatas to infuse more funds into financial services firms TCFSL and TMFL
With the total assets of Tata group finance companies — Tata Capital Financial Services (TCFSL) and Tata Motors Finance (TMFL) — crossing the Rs 110,000 crore mark in 2018-19, the stage is now set for the behemoth to...
DHFL resolution: Banks may convert debt into equity, says Union Bank
Resolving the crippled mortgage lender DHFL’s over Rs 90,000 crore debt is “not so easy” and banks are considering converting their outstanding into equity, Union Bank of India said Tuesday. Rajkiran Rai...
Debt recovery tribunal sells 3.3 mn shares of United Spirits for Rs 196 cr
The recovery official of the Debt Recovery Tribunal on Tuesday sold more than 33 lakh shares of United Spirits Ltd for around Rs 196 crore, according to the block deal data of stock exchanges. The BSE block deal data...
Haldia Petrochemicals to invest Rs 8 K-cr more on naphtha cracker, PP units
West Bengal-based Haldia Petrochemicals Ltd (HPL) has pledged to invest Rs 8,000 crore more on a naphtha cracker unit and polypropylene (PP) facility in Odisha. The fresh investments are over and above the Rs 70,000...
Sun Pharma announces tie-up for China foray; to develop 8 generic products
Sun Pharmaceutical Industries on Friday announced a partnership with China Medical System Holdings (CMS) to develop and commercialise generic drugs in mainland China. The tie-up will help the company make a foray into...
ShopKirana raises $10 mn from Info Edge and others in series-B round
ShopKirana, a B2B supply chain company for retailers, has raised $10 million in series-B funding from Info Edge, Incubate Fund, Akatsuki AET Fund, NPTK Emerging Asia Fund and Better Capital. The funding will help...
ShareChat raises $100 million in Series D funding led by Twitter
ShareChat, a regional social media platform, on Friday announced that it had raised a new round of funding of $100 million in its Series-D funding, where Twitter and TrustBridge Partners are two new investors. To...
SBI proposes to dilute stake in credit card business through IPO route
State Bank of India (SBI) on Wednesday said it is planning to dilute stake in its card business through the initial public offer (IPO) route. The country’s largest lender currently holds 74 per cent stake...
