Car sharing startup Zoomcar on Monday said it has raised $92 million in a private placement led by New York-based SternAegis Ventures with participation from international family offices and institutional investors...
Sapio Analytics acquires KGS Microsystems LLP
Government advisory firm Sapio Analytics has acquired KGS Microsystems LLP, a player in the archival digitization industry, for an undisclosed sum. Founded by Kishor Gulgule, a veteran imaging professional, and A Parvez...
Future Retail takes Reliance deal saga to Supreme Court
India’s Future Retail has asked the country’s top court to stall a Singapore arbitration panel’s decision to freeze a $3.4 billion asset sale after e-commerce giant Amazon had sought to block the deal...
FRL’s independent directors ask CCI to revoke nod for Amazon-Future Coupons deal
In escalation of the Future group-Amazon feud, Future Retail Ltd’s independent directors have urged the Competition Commission to revoke the approval given two years ago for Amazon’s deal with Future...
BHP nears $1.25 billion deal to sell controlling stake in two coal mines
BHP Group Ltd. is nearing a deal to sell its controlling interest in two metallurgical coal mines to Australian coal miner Stanmore Resources Ltd. for about $1.25 billion, according to people familiar with the matter...
GAIL gets NCLT nod to buy IL&FS group’s 26% stake in ONGC Tripura Power Co
State-owned GAIL today said the companies tribunal has granted approval for acquisition of 26% equity stake of Infrastructure Leasing & Financial Services (L&FS) group companies in ONGC Tripura Power Company Ltd...
Paytm to raise $1.1 billion from anchor investors
One97 Communications Ltd, the company that runs the Paytm payments service, is set to raise $1.1 billion from anchor investors as part of India’s largest initial public offering, three people aware of the discussions...
Franklin Templeton agrees to buy Lexington Partners for $1.75 billion
Franklin Resources Inc. agreed to buy Lexington Partners for $1.75 billion in cash to expand into private equity. The deal will also complement Franklin’s offerings in real estate, private credit and hedge fund...
Centre asks ONGC to give 60% stake in Mumbai High, Bassein fields to foreign cos
The petroleum ministry has told ONGC to give away 60% stake plus operating control in India’s largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter...
Ujjivan Financial Services board okays amalgamation with Ujjivan SFB
Ujjivan Financial Services Ltd (Ujjivan) on Saturday said its board has approved amalgamation of the company with its subsidiary Ujjivan Small Finance Bank in order to comply with Sebi’s minimum public...
B Capital, others invest $50 mn in Fi
Fi, a Bengaluru-based neobank, has raised $50 million in its Series B funding round at a valuation of $315 million from B Capital Group, Falcon Edge and others. This is in addition to an earlier interim round with...
IPO-bound Prudent Corporate Advisory Services acquires Karvy’s mutual fund biz
TA Associates-backed wealth manager and mutual fund distributor, Prudent Corporate Advisory Services, which has filed for an initial public offering (IPO), on Friday announced the acquisition of Karvy Stock Broking Ltd...
