Jet Airways India Ltd.’s lenders invited initial bids to buy as much as 75 percent of the debt-laden carrier, starting a process that will determine the future of India’s oldest surviving private airline. Potential...
Baring Private Equity Asia to acquire 30% in NIIT Tech for Rs 2,627 cr
Funds affiliated with Baring Private Equity Asia (BPEA) will buy about 30 per cent stake in mid-sized IT services firm NIIT Technologies from NIIT Ltd and other promoter entities for about Rs 2,627 crore, as per a...
NIIT Technologies to acquire WHISHWORKS; sell 89% stake in Esri India
NIIT Technologies has said it will sell its entire 88.99 per cent in ESRI India Technologies and buy Hyderabad-based WHISHWORKS IT Consulting, an IT services and consulting company specialising in MuleSoft and Big Data...
Tata Steel posts record Indian output after acquisition of Bhushan assets
Tata Steel Ltd.’s Indian steel output rose to a record in its latest financial year thanks to its 2018 acquisition of Bhushan Steel Ltd. assets, potentially making Tata the country’s biggest producer. Production rose 35...
Bidding process for crisis-hit Jet Airways likely to begin today
The bidding process for stake sale in the cash-starved Jet Airways is likely to commence from Monday as the bid document is still to be given a final shape, a source said. The SBI-led consortium of 26 lenders, which now...
Govt sells Rs 1,150 cr ‘enemy’ Wipro shares, state-owned firms major buyers
The government on Thursday sold “enemy” shares worth Rs 1,150 crore in IT major Wipro, aiming to transfer the proceeds to its disinvestment kitty. Enemy shares are called so as they were originally held by...
Dunzo set to raise Rs 80 crore from Google, others in fresh funding
Alphabet’s Google, along with investors such as Alteria Capital, Blume Ventures, and Greyhound Capital (a new investor), are investing Rs 80 crore in delivery start-up Dunzo. The proceeds are expected to help the firm...
BlackBuck raises Rs 550 cr from Accel Partners US, Goldman Sachs, B-Capital
BlackBuck, a logistics start-up backed by Sequoia Capital, has raised Rs 550 crore from Accel Partners US, Goldman Sachs and B-Capital, at a valuation just shy of a billion dollars. The recent company filings, sourced...
Orchid India invests $2.6 million in WedMeGood online wedding platform
WedMeGood, an online wedding platform, has received $2.6 million in Series-A funding from Orchid India. The latter is a part of a top investment fund which invests mainly in China. The fund was an early investor in...
Mswipe raises Rs 207 cr from Falcon Edge, Epiq Capital and other investors
Mswipe Technologies, which develops point-of-sale terminals for merchants, Tuesday said it has raised $30 million (about Rs 207 crore) from existing investors Falcon Edge, B Capital, Epiq Capital and DSG Growth Partners...
Zee may tap private equity investors for stake sale as Sony talks fail
Zee Entertainment Enterprises is said to be considering tapping private equity (PE) investors as part of their stake sale process after the breakdown in talks with Sony. Zee’s promoters had been in talks with multiple...
Essar Steel’s debt resolution battle moves to the Supreme Court
The Essar Steel’s debt resolution battle has moved to the Supreme Court with State Bank of India (SBI) moving the highest court against the NCLAT (National Company Law Appellate Tribunal) advice to give more cash to...
