Cube Highways and Infrastructure, the biggest buyer of road assets in India, is looking to tap the dollar bond market to raise around ₹3,500 crore ($500 million), said two people aware of the development, requesting...
Sequoia, Tiger Global invest in InterviewBit
Bengaluru-based ed-tech startup InterviewBit on Tuesday raised $20 million in a Series A round led by Sequoia India and Tiger Global. Part of Sequoia’s early-stage accelerator, Surge, Interviewbit will use the capital...
Godfrey Phillips denies claim promoter to sell stake in company
Godfrey Phillips India Ltd on Tuesday said its promoter KK Modi-owned Modi Enterprises has no plan to sell its stake in the cigarette maker. The company also clarified that it is “neither engaged nor privy to any such...
Kedaara eyes stake in Veritas Finance
Private equity (PE) fund Kedaara Capital is in advanced discussions to acquire a stake in small business lender Veritas Finance at a valuation of ₹2,000 crore, two people aware of the talks said. Kedaara plans to put in...
Bizongo raises funds in round led by Switzerland’s Schroder Adveq
Bizongo, an online marketplace for packaging products, on Monday said it has raised $30 million in a Series C funding round, led by Swiss hedge fund Schroder Adveq. Bizongo raised $22 million as part of its Series B...
Kedaara eyes stake in Veritas Finance
Private equity (PE) fund Kedaara Capital is in advanced discussions to acquire a stake in small business lender Veritas Finance at a valuation of ₹2,000 crore, two people aware of the talks said. Kedaara plans to put in...
Air India bidders must absorb $3.3 billion debt to buy airline
Bidders for Air India Ltd will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier. The entire company will be sold but effective...
NTPC may not conclude THDCIL, NEEPCO acquisition deal this fiscal: Source
State-run power giant NTPC is unlikely to conclude its about ₹10,000-crore acquisition deal to buy government’s stake in THDC India and North Eastern Electric Power Corporation, according to a source. The...
Siemens to acquire New Delhi-based C&S Electric for around ₹2,100 crore
Attracted by India’s electrification drive, Siemens AG will acquire New Delhi-based C&S Electric Limited for around Rs.2,100 crore (euro 267 million). The announcement to acquire 99% stake in C&S Electric comes...
France’s ENGIE to sell 74% stake in India business to Edelweiss’ fund
Energy firm Engie SA of France, one of the largest foreign solar power investors in India, said on Thursday that it will sell a 74% stake in its local solar business to Edelweiss Infrastructure Yield Plus (EIYP) fund...
Realty, infra sectors drive buyouts deals to a record high in 2019
Buyout deals dominated private equity (PE) and venture capital (VC) investments in India last year, hitting a record high in both volume and value. In 2019, there were 58 transactions worth $16.2 billion, compared with...
Shriram Capital halts 3-way merger after RBI request
Shriram Capital Ltd. has held off a plan to merge with its shadow lending arms after the Reserve Bank of India requested the group to cut its stake in its insurance business, according to people familiar with the matter...
