Motherson Sumi Systems Ltd, one of the country’s biggest automotive component manufacturers, on Monday announced acquisition of 75% stake in two Turkish automotive parts manufacturing companies, Plast Met Plastik Metal...
MFine raises $16 million led by Heritas Capital
MFine, a digital health startup, has raised $16 million in a new funding round, led by Heritas Capital and which saw participation from Singapore-based family office of Y’S Investment Pte Ltd. Existing MFine investors...
Alteria Capital invests ₹90 cr in BharatPe
Private equity firm Alteria Capital on Sunday said it has invested close to ₹90 crore in payments and alternative lending platform BharatPe, as part of a ₹250-crore fund-raising round. According to a person familiar...
Wipro completes ₹9,500-crore buyback programme
Wipro on Saturday said it has completed its ₹9,500-crore share buyback programme. The buyback saw Azim Premji-affiliated entities tendering 22.89 crore shares worth about ₹9,156 crore during the process, a regulatory...
French government hardens stance against Carrefour takeover
France on Thursday took a tough line against any takeover of retailer Carrefour by a foreign company, dealing a major blow to a near $20 billion bid approach by Canada’s Couche-Tard. French Finance Minister Bruno...
UBS Fund pursues $400 million stake in SoftBank-backed Paytm
UBS Group AG is in talks to invest $400 million in Paytm, the most valuable Indian startup, in a bet on the surging digital payments market in the world’s second-most populous country, people with knowledge of the...
Investcorp to acquire Unilog
Global private equity investor Investcorp is set for its first buyout transaction in India. It has already signed an agreement to pick up a majority stake in Unilog, which caters to small and medium businesses in the US...
DHFL resolution: Oaktree Capital put on spot over rating claims
Oaktree Capital, one of the suitors in the resolution process for debt-ridden DHFL, was put on the spot on Wednesday after CARE Ratings said it has not offered any rating but a research-oriented advisory to a proposed...
Tiger Global, others buy $50 million shares in Unacademy in secondary transition
Edtech platform Unacademy said it has concluded a new secondary transaction round in which investors Tiger Global, Dragoneer Investment Group, Steadview Capital, and General Atlantic have increased their stake in the...
CoinSwitch Kuber raises $15 mn from Ribbit, Shah, others
Cryptocurrency investment platform CoinSwitch Kuber has raised $15 million ( ₹109 crore) as part of its Series A funding round, led by global fintech and crypto investor Ribbit Capital and San Francisco-based Paradigm...
VComply raises $6 million in Series A from Counterpart Ventures and Accel
Palo Alto and Kolkata-based business-to-business (B2B) platform, VComply, said that it has raised $6 million as a part of its Series A funding round led by Counterpart Ventures and Accel. The two-year-old startup will...
TCS to acquire GE’s stake in TCS Saudi Arabia
IT major Tata Consultancy Services (TCS) on Tuesday said it will acquire GE’s stake in Tata Consultancy Services Saudi Arabia for $12,471 (about ₹9.13 lakh). In September 2013, TCS announced the creation of an all...
