PNB Housing Finance has signed an agreement with Japan International Cooperation Agency (JICA) to raise 75 million dollars (about ₹568 crore) with co-financing of 25 million dollars (about ₹190 crore) by Citibank to...
TPG, KKR in race to buy 20% stake in Piramal pharma biz
American private equity giants TPG Capital and KKR & Co. Inc. have emerged as the front runners to invest ₹3,500-4,000 crore for acquiring a 20% stake in Piramal Group’s proposed pharmaceutical entity that would...
Swiggy raises $43 million to expand new businesses
Online food delivery platform Swiggy on Monday raised $43 million from a clutch of investors, including Samsung Ventures, as part of its ongoing Series I round to develop and expand its new businesses. Ark Impact, Korea...
Sequoia leads fundraising round in agri firm DeHaat
Online agritech startup DeHaat, which connects small farmers with a network of small suppliers of farm input and equipment, has raised $12 million (about ₹83 crore) in a Series A funding round led by venture capital...
Promoters raise stakes in auto firms as equities crash
Promoters of automobile and auto ancillary companies such as Hero MotoCorp Ltd, Bajaj Auto Ltd, and Tata Motors Ltd have stepped up open market purchases of equity shares and other financial instruments in the past few...
IndusInd Bank clarifies on fund-raising reports
IndusInd Bank today clarified that there is “no specific transaction under consideration by the board at this stage” in reply to reports that the lender is looking to raise as much as $500-750 million from...
Uber partners with Bigbasket to deliver essentials to customers
Ride-hailing firm Uber India has launched a last mile delivery service and partnered with online grocery firm Bigbasket, to deliver essentials to customers at their doorstep during the countrywide lockdown. This will...
Recko raises $6 mln led by Vertex Ventures
Enterprise fintech startup Recko Software Pvt Ltd has raised $6 million in Series A funding, in a round led by Vertex Ventures – Southeast Asia and India. Existing investor Prime Venture Partners also participated...
Aurobindo Pharma calls off $1 billion deal with Sandoz after failing to get FTC nod
Hyderabad based generic drug maker Aurobindo Pharma Ltd on Thursday said that it is calling off its proposed acquisition of the US dermatology business and three manufacturing units of Sandoz, a division of Swiss drug...
Mega bank merger marks new dawn for Indian banking space: Finance Ministry
The biggest-ever consolidation exercise in the public sector banking space effected on Wednesday will mark a new dawn for the Indian banking sector, the Finance Ministry said on Wednesday. Six public sector banks (PSBs)...
Unacademy acquires GATE, ESE prep platform Kreatryx
Education technology company Unacademy has acquired Kreatryx, an online preparation platform for GATE and the Engineering Services Exam (ESE), in a cash and stock deal. Founded by Ankit Goyal in 2014, Kreatryx offers...
PSB mergers the new hurdle for resolutions under IBC
The approaching deadline for the merger of small public sector banks with their larger counterparts is slowing down resolution of cases under the Insolvency and Bankruptcy Code (IBC). The deadline to complete the...
