A fund backed by trading giant Vitol Group agreed to buy Vivo Energy in a deal valuing the Africa-focused fuel retailer at about $2.3 billion. The transaction will bring Vivo assets back in the house for the oil trader...
Everstone-backed Indospace inks ₹1,000 cr deal with KSH Infra
IndoSpace, an investor and developer of industrial warehousing and logistics parks, has agreed to invest ₹1,000 crore (around $134 million) in a joint venture (JV) with Pune-based KSH Infra to develop a 10 million...
Dream11 parent raises $840 million at $8 billion valuation
India’s Dream Sports, the parent of popular fantasy gaming company Dream11, said on Wednesday it had raised $840 million from investors led by Falcon Edge, Tiger Global and others in a deal that valued the sports...
Indifi raises ₹340 crore in equity and debt funding
Online lending platform Indifi has raised ₹340 crore in a mix of equity and debt as part of its Series D round, the company said on Wednesday. CX Partners and OP Finnfund Global Impact Fund I, along with existing...
Ipca Labs approves acquisition of 26.5% stake in Lyka Labs
The board of Ipca Labs has approved the acquisition of 26.574% of the paid-up share capital of Lyka Labs Limited and entering into a joint management control agreement with the promoters of Lyka Labs. Ipca said it has...
Employees of IDBI AMC oppose merger with LIC Mutual Fund
Some employees of IDBI Asset Management Co. (AMC) have objected to the merger of the AMC with LIC Mutual Fund. LIC completed the takeover of IDBI Bank, the sponsor of IDBI Mutual Fund, in January 2019. However, LIC has...
ESR eyes acquisitions, to build in-city logistics centres
ESR India, an industrial and logistics real estate platform, is looking to step up land acquisitions to expand its portfolio, as well as build in-city distribution centres, prompted by high demand by e-commerce and...
Netflix acquires Scanline VFX, visual effects studio behind ‘Stranger Things’
Netflix Inc., building on its in-house production capabilities, agreed to acquire Scanline VFX, a small visual-effects studio that’s been adding to the imagery of series such as “Stranger Things.” The plan is to...
Purplle.com closes $65 million Series D funding from Premji Invest
Online beauty retailer Purplle.com has raised $65 million from Premji Invest to its cap table. This investment comes in less than a month after the company securing $75 million led by Kedaara Capital, Sequoia Capital...
Reliance Industries, Saudi Aramco to re-evaluate planned business tie-up
Reliance Industries Ltd. and Saudi Aramco are re-evaluating the planned $15 billion investment by the Saudi state-owned company in the Indian conglomerate’s oil-to-chemicals business. The decision to “mutually” re...
Bain, Hellman & Friedman near deal to buy Athenahealth
Private-equity firms Bain Capital and Hellman & Friedman LLC are close to a deal to acquire healthcare-technology firm Athenahealth Inc. for about $17 billion including debt, according to people familiar with the...
IRB Infrastructure shareholders approved ₹5,347 cr fundraise via share sale
IRB Infrastructure Developers informed the stock exchanges on Saturday that its shareholders have passed a resolution which will allow capital inflow of ₹5,347 crore into the company. IRB Infrastructure Developers...
