Hon Hai Precision Industry Co., the main assembler of Apple Inc.’s iPhones, will establish a joint venture with Fiat Chrysler Automobiles NV to develop and make electric vehicles in China. Hon Hai and its subsidiaries...
Carlyle to sell stake in Visionary RCM
Private equity (PE) firm Carlyle Group is looking to sell its stake in Visionary RCM Infotech (India) Pvt. Ltd, two people aware of the development said, requesting anonymity. The Washington-based firm had bought a...
Budget estimates from disinvestment likely to be ₹1 trillion
The next fiscal sell-off target is being pegged at over ₹1 trillion on the back of higher number of strategic stake sale of both big and small companies, apart from the scheduled divestment of Air India, BPCL and Concor...
Allcargo’s open offer to buy stake in Gati under Sebi lens
The Securities and Exchange Board of India (Sebi) has sought clarifications on Allcargo Logistics Ltd’s proposed acquisition of Gati Ltd, amid a court dispute over ownership of the shares within Gati’s promoter family...
A91 invests in small-business lender Aye Finance
Venture capital firm A91 Partners has invested about $20 million in small-business lender Aye Finance through a secondary sale of shares, acquiring the stake of Accion, two people aware of the matter said. A91 and Aye...
Pfizer eyes share sale of Glaxo JV in 3-4 years
Pfizer Inc. is planning an initial public offering (IPO) of its consumer-health joint venture with GlaxoSmithKline Plc in three to four years as the two drugmakers turn back toward the lab. Pfizer chief executive...
Macquarie looks to offload entire stake in Soham Renewable
Australian Infrastructure investor Macquarie group is looking to exit Bengaluru-based hydropower developer Soham Renewable Energy India Pvt. Ltd, two people aware of the development said, requesting anonymity. In...
Altico lenders may buy ₹1,600 cr builder loans, adjust against future repayments
Lenders to Altico Capital are working on a rescue plan for the non-banking financial company (NBFC) that envisages buying ₹1,600 crore of builder loans and adjusting it against future debt repayments, said two people...
Government to move Supreme Court to supersede Unitech board
The ministry of corporate affairs is set to move the Supreme Court next week with a plan to supersede the board of directors of real estate developer Unitech Ltd., said a person with knowledge of the matter. The Supreme...
Airtel raises $3 billion to repay government dues
Bharti Airtel Ltd has raised $3 billion through a qualified institutional placement (QIP) and an overseas bond to repay government dues. The telco raised $2 billion through a QIP at ₹445 a share, it said in a release on...
Biyani-led Future Retail raises $500 mn through dollar bonds
Kishore Biyani-led Future Retail Ltd, which runs the Big Bazaar chain of stores, on Tuesday raised $500 million through dollar-denominated bonds. The Future Retail board had approved the fundraising exercise on 4...
TechnifyBiz raises $2 million from Omnivore, Insitor in seed round
Agri-tech start-up TechnifyBiz has raised over $2 million ( ₹14 crore) in seed funding from Omnivore and the Insitor Impact Asia Fund. Shashank Kumar and Harshil Mathur, co-founders of Razorpay, also invested in the...
