Grocery delivery startup Milkbasket Tuesday said it has raised an additional $10.5 million (approx Rs 69.20 crore) in its latest round of funding led by Unilever Ventures, with participation from Mayfield India, Kalaari...
Greenko raises $495 million from GIC, ADIA in equity-based funding round
Renewable energy company Greenko Energy Holdings on Tuesday announced a fresh round of equity based funding from global investment firm GIC, Abu Dhabi Investment Authority (ADIA). The $495 million raised will be...
M&A deals decline in Q1CY19, PE activity remains robust: EY India
After a record year for Indian M&A, deal-makers paused a little in the first quarter of 2019, thanks to a subdued global M&A market. Besides, the uncertainty around general elections results also appear to have...
Mitsubishi Corp to hike stake in TVS Automobile Solutions from 3% to 25%
TVS Automobile Solutions Private Limited (TASL), one of India’s leading independent aftermarket players and part of the $8.5 bn TVS group, has announced strategic partnership with Mitsubishi Corporation (MC), Japan...
M&A activity in Jan-Mar quarter fell to 242 deals worth $9.9 bn: EY India
Merger and acquisition activity in India saw a sharp decline in the January-March period, amid subdued global deal market and uncertainty around general election results, according to a report. According to EY’s...
Hatsun completes acquisition of cattle-feed plant Madhur Pashu Aahar
Chennai-based dairy firm Hatsun Agro Product Ltd (HAP) has completed the acquisition of a cattle-feed plant, Madhur Pashu Aahar, located at Solapur, Maharashtra for a total of Rs 10 crore including modernisation. The...
Blackstone to acquire US warehouse assets from GLP for $18.7 billion
Blackstone Group LP is buying U.S. industrial warehouse properties from Singapore-based logistics provider GLP for $18.7 billion, in what the companies billed as the largest private real estate transaction globally. The...
Tata Steel completes acquisition of Bhushan Energy for Rs 800 crore
Tata Steel Saturday announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd. The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to...
Govt likely to adopt Bank of Baroda-like model of merger for PSBs
The National Democratic Alliance (NDA) government, led by Prime Minister Narendra Modi, in its second stint may not go for a mega merger of public sector banks (PSBs) — a plan which was mooted during recent...
Tech Mahindra, Cisco collaborate to improve digital network offering
Mumbai-based IT services company Tech Mahindra (TechM) has leveraged its long-standing partnership with global networking company Cisco to deploy Cisco Digital Network Architecture (DNA) at its Hyderabad campus. With...
ReNew Power likely to raise funds by selling assets after dropping IPO plan
India’s largest green energy company, ReNew Power, is considering raising funds through asset sales, after shelving plans for an initial public offering (IPO). Backed by Goldman Sachs Group, the company has renewable...
Beer brand Bira91 raises $4.3 mn from Sixth Sense Ventures in bridge round
Home-grown beer brand Bira91, managed by B9 Beverages, has raised $4.3 million from Sixth Sense Ventures, in what appears to be a bridge round ahead of a larger series C investment. The round values the company at $246...
