Northern Arc Capital, a platform in the financial services sector, on Wednesday said it has raised ₹100 crore debt from Japan’s Sumitomo Mitsui Banking Corporation (SMBC). SMBC is Japan’s second-largest and the...
Netflix buys its first game studio with purchase of Night School
Netflix Inc., which has made video games a priority for expansion, acquired its first game developer with the purchase of Night School Studio. The streaming giant announced the deal Tuesday on its website. Night School...
Future Group gets NCLT nod to meet on sale of biz to RIL
The National Company Law Tribunal (NCLT) on Tuesday allowed Future Group companies to hold meetings of their shareholders and creditors to seek approval for the planned sale of assets to Reliance Retail Ventures Ltd. A...
KKR to sell $300 mn stake in Max Healthcare
American private equity major KKR is selling a 6.5% stake in Max Healthcare Institute Ltd, worth $300 million or Rs2,220 crore, in a block trade, according to deal terms seen by Mint. KKR affiliate Kayak investments...
Reliance nears investment in Google-backed Glance InMobi
Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter. The conglomerate is considering investing about $300 million in the...
BPCL privatisation may be completed by March-end: Chairman
Bharat Petroleum Corporation Limited (BPCL) chairman Arun Kumar Singh on Monday said that the government intends to complete the divestment of the company by March-end next year. Responding to a query post the Annual...
UHFL raises ₹270 crore from private equity funds
Gurugram-based Ummeed Housing Finance Pvt. Ltd (UHFL) has raised ₹270 crore of equity capital from Norwest Venture Partners and existing investor Morgan Stanley Private Equity Asia on Monday. The company had raised ₹140...
Merger mania is only part of the solution for asset managers
Just about everybody agrees that asset managers need to get bigger. But mergers may not be a cure-all. The rapid growth of low-cost passive investment options and pressure on fees for active management have been piling...
Addition invests $125 mn more in Delhivery
Delhivery, which is aiming for an initial public offering (IPO), has raised an additional $125 million in funding from Addition, a fund floated by former Tiger Global executive Lee Fixel. This follows the investment of...
Veranda acquires Edureka for ₹245 cr, deepens foray into edtech
Veranda Learning Solutions on Thursday said it has acquired Edureka, a live-instructor-led online solutions provider for the IT industry, for ₹245 crore. Veranda, in a statement, said it is planning an outlay of around...
Chqbook raises ₹40 crore in funding
Neobanking platform, Chqbook, on Thursday said that it has raised ₹40 crore as a part of its Pre-Series B round led by existing investor Aavishkaar Capital and the Rajiv Dadlani Group. The equity round also saw...
IPO-bound RateGain to buy myhotelshop
IPO-bound RateGain Travel Technologies Ltd, a provider of SaaS solutions for travel and hospitality, has entered into a definitive agreement to acquire myhotelshop, a German company that helps hotels boost their...
