Merger and acquisition (M&A) activity in India halved in value this year from 2018, reflecting fewer billion-dollar deals, according to consulting firm PwC India. The year so far saw 765 deals worth $37 billion...
Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for ₹4,350 crore
Yoga guru Baba Ramdev’s Patanjali Ayurved on Wednesday made its first big acquisition when it paid ₹4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition...
Allianz-Shapoorji Pallonji JV acquires WaveRock Complex for $250 million
SPREF II Pte. Ltd., a joint venture between Allianz Group and Shapoorji Pallonji Group, on Wednesday said it has acquired a 2.4 million sqft special economic zone (SEZ) property Waverock in Hyderabad from TSI Business...
NBCC gets nod of lenders, homebuyers to acquire Jaypee Infratech in insolvency process
State-owned NBCC on Tuesday won approval of financial creditors to takeover debt-laden Jaypee Infratech Ltd, rekindling hopes of homebuyers finally getting their promised flats over the next 4 years. A week-long voting...
Healthcare startup Pristyn Care raises $12 million led by Sequoia India, others
Healthcare startup Pristyn Care on Wednesday said it has raised $12 million in a Series B funding round led by Sequoia Capital India, Hummingbird Ventures, Greenoaks Capital and AngelList. Founded in 2018 by Harsimarbir...
L&T Finance raises ₹300 crore via non-convertible preference shares
L&T Finance Holdings has issued non-convertible preference shares on a private placement basis to raise up to ₹300 crore. The company has issued up to 30,000,000 cumulative compulsorily redeemable non-convertible...
Fashion platform Zilingo acquires nCinga Innovations for $15.5 million
Singapore-headquartered fashion technology platform Zilingo has acquired Sri Lanka-based software-as-a-service company nCinga Innovations in a $15.5 million cash-and-stock deal. The acquisition will drive the adoption...
CPPIB invests $225M in Piramal-Bain sponsored India Resurgence Fund
India Resurgence Fund (IndiaRF), promoted by Piramal Enterprises Ltd and Bain Capital Credit, on Wednesday said Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) has invested $225...
HungerBox raises funds from Paytm, NPTK, others
Eatgood Technologies Pvt. Ltd, the parent of corporate food catering startup HungerBox, has raised $12 million from a consortium of investors, including Paytm and NPTK Emerging Asia Fund (India). Existing investors...
Tata Motors in alliance talks with Chinese firms
Tata Motors Ltd, India’s largest vehicle maker, is in initial talks with a couple of Chinese automobile companies for a tie-up for its passenger vehicles business, three people aware of the development said. These...
Sequoia in talks to invest up to $30 mn in SaaS startup Whatfix
Sequoia Capital is in talks with Whatfix to invest up to $30 million in the enterprise software platform, said two people aware of the matter. Whatfix could have a post-money valuation of $150 million, they said...
Japan’s SMBC picks up 5.4% stake in PE-backed Northern Arc Capital
Japan’s multinational bank Sumitomo Mitsui Banking Corporation (SMBC) has picked up a 5.4% stake in debt capital platform Northern Arc Capital, formerly known as IFMR Capital, for an undisclosed amount. Through this...
