Adani Ports on Tuesday announced the approval of proposal of acquisition of 10.4% stake of Gangavaram Port (GPL) by the company from the Government of Andhra Pradesh. The consideration for proposed acquisition of 10.4%...
NTPC looking to sell stake in JV with SAIL
India’s largest power generation utility NTPC Ltd is in talks with state-run Steel Authority of India Ltd (SAIL) to sell its stake in NTPC-SAIL Power Co. Pvt. Ltd (NSPCL), the 50:50 joint venture to the steel maker, two...
Actis starts sale process for Sprng Energy, to appoint i-banker shortly
In what may rank among the largest green energy deals in India, private equity firm Actis Llp has started the sale process of its renewable energy platform in India—Sprng Energy—and will be shortly appointing a banker...
Ice cream brand Noto raises ₹4 crore in funding
Ice-cream brand Noto that sells low-calorie ice-creams and popsicles has raised ₹4 crore in pre-series A funding led by a clutch of investors including Titan Capital, Rockstud Capital, Bollywood actor and producer John...
Khatabook raises $100 mn, announces ESOP buyback
Kirana-tech startup Khatabook on Tuesday said it has raised $100 million as part of its Series C funding round, led by US-based venture capital firms Tribe Capital and Moore Strategic Ventures. The capital was raised at...
Asia Healthcare to raise up to $350 million
Private equity firm TPG-backed healthcare platform Asia Healthcare Holdings (AHH) is looking to raise up to $350 million (about ₹2,593 crore) from new and existing investors, said two people aware of the development...
Ambani vs Bezos fight for Future points to lacunae in India’s bankruptcy law
A telecom carrier and a retailer are showing a mirror to India’s tryst with assisted corporate demise and rebirth. The image staring back is one of defeat snatched from the jaws of victory. As the five-year-old...
‘Sale of power business will help JSPL meet emission goals’
Jindal Steel and Power Ltd (JSPL) expects to pare debt and meet its carbon emission goals with the divestment of its entire stake in its thermal power unit to Worldone Pvt. Ltd, a promoter group company. JSPL’s managing...
Agritech startup AgNext raises $21 million in Series A financing
Agritech startup, AgNext Technologies, on Thursday said that it has raised $21 million as a part of its Series A funding round led by Alpha Wave Incubation (AWI) fund, Existing investors including Omnivore and Kalaari...
Goldman Sachs to acquire European asset manager for $1.9 billion
Goldman Sachs Group Inc. said Thursday it agreed to acquire the money-management operation of Dutch insurer NN Group NV for about $1.87 billion, as the need for scale in the asset-management business to lower costs...
HDFC Bank raises $1 billion from offshore AT1 bond offering
HDFC Bank Ltd raised $1 billion by selling additional tier-1 (AT1) bonds to overseas investors, the biggest such sale by an Indian lender, to strengthen its balance sheet amid a rebound in credit growth after the...
Postman raises $225 mn, turns most valuable SaaS unicorn
Application program interface (API) development platform Postman on Wednesday said it raised $225 million at a valuation of $5.6 billion, a little over a year after it entered the unicorn club with a valuation of $2...
