A bunch of Indian A-list entrepreneurs, including Flipkart CEO Kalyan Krishnamurthy and former Indian Cricketer Javagal Srinath, have bought out Chinese investors Shunwei Capital’s stake in the parent firm of Koo...
Nikola strategic partner Hanwha to sell 50% of EV stake
Nikola Corp. is seeing another strategic partner sell down its stake as South Korea’s Hanwha Group signaled its intention to liquidate half of its holdings in the troubled electric-truck startup. Hanwha, which Nikola...
Future Group urges SIAC to modify order to exclude FRL
Future Group, which is locked in a legal battle with Amazon.com Inc., has asked a Singapore arbitration court to remove Future Retail Ltd (FRL) from the scope of its order that temporarily blocked the Kishore Biyani-led...
NSE invests in technology startup Capital Quant Solutions
National Stock Exchange of India, through its subsidiary, NSE Data & Analytics Ltd, has made investment in a technology startup Capital Quant Solutions Ltd (CQS). “The investment in CQS is a part of NSE’s programme...
BHEL emerges lowest bidder for NPCIL’s ₹10,800 crore-tender
State-owned engineering firm BHEL on Wednesday said it has emerged as the lowest bidder for supply of equipment for 6×700 MW nuclear power projects of Nuclear Power Corporation of India. “In an open...
Solar analytics startup Prescinto raises $3.5 mn in seed funding
Solar analytics startup, Prescinto, has raised $3.5 million as part of a seed round, led by Venture Catalysts. Inflection Point Ventures, Mumbai Angels and LetsVenture also participated as a part of this round. With the...
OZiva raises $12 million in Series B led by Eight Roads Ventures
Plant-based nutrition brand OZiva on Wednesday said it has raised $12 million as part of its Series B round led by new investor Eight Roads Ventures. The round also saw participation from F-Prime Capital and existing...
Anil Agarwal pledges stake to sweeten deal for Vedanta Ltd
Anil Agarwal, billionaire founder of the Vedanta Group, has pledged his stake in a cash-rich Indian unit to help sweeten terms for a takeover attempt that’s key to his debt-repayment plans. London-based Vedanta...
Godrej Properties raises ₹3,750 crore via QIP issue
Realty firm Godrej Properties on Tuesday said it has raised ₹3,750 crore through sale of shares to institutional investors to expand the business and support future growth. Last week, the company had launched its...
Piramal Capital to raise up to ₹3,000 cr via NCDs
Ajay Piramal-backed Piramal Capital & Housing Finance Ltd (PCHFL) is looking to raise up to ₹3,000 crore in its second bond sale in a week. The housing finance company will issue secured non-convertible debentures...
Goldman, Cerberus buy rare Indian junk-bond by Kesoram Industries offering 21%
Goldman Sachs Group Inc., Cerberus Capital Management and Edelweiss Financial Services Ltd. bought into a junk-rated rupee bond sale, a rare issue yielding as much as 21%. The firms invested in the ₹1600 crore ($221...
NBFC BlackSoil raises ₹22 crore through non-convertible debentures
New age credit platform, BlackSoil Capital Pvt Ltd on Tuesday said it has raised an additional ₹22 crore through non-convertible debentures (NCD). This marks the final capital raise via NCD in the financial year 2020...
