Glenmark Pharmaceuticals Ltd plans to raise up to $200 million through dollar-denominated bonds to refinance debt. The drugmaker will conduct investor road shows from 14 to 19 January across Asia, Europe and West Asia...
Purplle raises $8 million from Verlinvest
Online beauty and makeup products retailer Purplle said on Monday that it has raised $8 million as part of its Series C round from Belgian investment firm Verlinvest. Mint first reported on 12 December that American...
CCI set to get more teeth to regulate tech giants’ M&As
Global mergers and acquisitions (M&As) among technology giants that could disturb the competition landscape in India may soon require clearance from the Competition Commission of India (CCI). The change will bring...
Zomato to raise $150 million from investor Ant Financial
Zomato is raising $150 million from investor Ant Financial, an Alibaba affiliate, at a valuation of $3 billion for the food delivery startup. Zomato’s top shareholder Info Edge (India) Ltd said in a filing on...
PE funds raise nearly $600 billion in 2019
Private equity funds globally raised $595 billion in 2019, less than what they raised in the preceding two years, according to a report from Preqin, an alternative assets data tracker. However, the fundraising in 2019...
Cityflo in talks to raise funds from Lightbox
Venture capital firm Lightbox is in talks to invest in app-based bus commute startup Cityflo, said two people aware of the matter, requesting anonymity. They said talks for the potential deal are at an advanced stage...
NCLT to decide on restatement of CG Power accounts post 23 January
The National Company Law Tribunal (NCLT) will give its final verdict on restatement on CG power accounts after 23 January when it will hear the arguments of Ministry of Corporate Affairs. The Tribunal deferred hearing...
US-based Syneos invests in healthtech firm Indegene’s unit
American biopharmaceutical solutions company Syneos Health has invested an undisclosed amount in Indegene Omnipresence Inc., a subsidiary of Bengaluru-based healthtech firm Indegene, the company said. According to a...
Tiger Global invests $200 million in BYJU’s; valuation jumps to $8 billion
New York-based hedge fund Tiger Global Management will invest $200 million in Think and Learn Pvt. Ltd, the education technology firm that owns and operates learning app Byju’s, the startup said on Thursday. According...
Over 87% Gati shareholders vote for sale to Allcargo
Despite a strong bid to stall the deal by a section of the promoter family of logistics firm Gati, the company on Wednesday said it has received an overwhelming response from its shareholders for the proposed stake sale...
NCLT warns Jet Airways CoC of contempt proceedings
The NCLT on Wednesday warned Jet Airways CoC of contempt proceedings if they do not release interim funds to the resolution professional by January 20 for completion of insolvency proceedings. “We again reiterate...
NCLAT gives Liberty House a last chance in Adhunik takeover
The National Company Law Appellate Tribunal (NCLAT) has given UK-based Liberty House group one more chance to offer a resolution plan for bankrupt Adhunik Metaliks and Zion Steel. In an order issued on 7 January, the...
