US-based private equity (PE) major Warburg Pincus has acquired a majority stake for an undisclosed sum in automobile parts maker Imperial Auto Industries. VCCircle had first reported the development in January. Stone...
Divestment deadline may be extended
The Russia-Ukraine conflict may force India to extend deadlines for planned strategic divestments in some major state-run companies with potential investors seeking more time to submit bids, said two government...
CAMS acquires majority stake in Fintuple
Computer Age Management Services Ltd. (CAMS), a financial infrastructure and services provider for mutual funds, alternative investment funds (AIF) and portfolio managers (PMS), has acquired a majority stake in Fintuple...
mCaffeine raises up to $20 million
Personal care brand mCaffeine has raised $15-20 million in a new round of funding to fuel its organic expansion plans and also evaluate inorganic growth opportunities, said two people aware of the development. It has...
UPL in merger talks with 2 American cos
UPL Ltd’s founding Shroff family is exploring a merger with at least two American firms—CF Industries Holdings Inc. and FMC Corp.—as part of the family’s plan to ensure a fair distribution of businesses and assets among...
Amazon and Future agree to out-of-court settlement proposal
Amazon.com Inc. and its estranged partner Future Retail Ltd accepted the Supreme Court’s nudge to settle their bitter legal battle over sales of the latter’s assets to Reliance Industries through negotiations. “We feel...
Reliance to invest ₹1,670 cr in Sanmina’s India unit for JV
Integrated manufacturing solutions provider Sanmina Corporation and Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned subsidiary of Reliance Industries Limited (RIL), have entered into a joint venture...
Student loan fintech Kuhoo raises $20 million from West Bridge Capital
Student loan fintech platform Kuhoo on Tuesday said it has raised $20 million seed fund from West Bridge Capital. The platform aims to provide online loans to students aspiring to study in universities both in India and...
No Sebi, debenture holders don’t need a say in M&As
Debenture holders must approve any move by a company to enter into a merger or acquisition () — this new mandate has been markets regulator Sebi’s response to some non-banking financial companies (NBFCs) in distress...
Indiamart acquires 26% stake in Realbooks for ₹13.75 crore
B2B e-commerce company Indiamart has acquired 26.01% stake in cloud-based account software firm Adansa Solutions for ₹13.75 crore, the firm announced the acquisition on Monday. As part of the transaction...
Mumbai court halts Future’s stake sale in Generali JV
Mumbai’s City Civil & Sessions Court on Monday prevented Future Enterprises from selling its stake in its general insurance joint venture business with Italy’s Generali after it faced legal challenge by a group...
Fintech Perfios raises $70 mn, joins unicorn club
Perfios has become a unicorn after the fintech platform raised nearly $70 million from existing investors, Warburg Pincus and Bessemer Venture Partners, in a Series C round, the company’s filings with the corporate...
