The government is proceeding with utmost caution before putting Air India on the block, after potential buyers baulked at its first attempt to divest a majority stake in the national carrier last year. “We will release...
Temasek in talks to invest in Cure.fit at $800 million valuation
Singapore’s state investment arm Temasek is in talks to invest up to $100 million in health and fitness startup Cure.fit, said two people aware of the matter, requesting anonymity, as Temasek looks to diversify its...
Arcelor, Thriveni in bidding war for pipeline integral to Essar Steel
ArcelorMittal is facing stiff competition in its bid for Odisha Slurry Pipeline Infrastructure Ltd (OSPIL), an insolvent company whose single asset could cut the cost of production at Essar Steel by a fifth. Thriveni...
ONGC shelves plan to sell stake in OPaL
Unable to attract a strategic partner for ONGC Petro Additions Ltd (OPaL), Oil and Natural Gas Corp. has shelved its stake sale plans for the petrochemical unit, said two people aware of the development, requesting...
Lux Industries pares stake in company that partners with Virat Kohli brand
Hosiery major Lux Industries has said its stake in Artimas Fashions Private Limited (AFPL) which is the licensee of Indian cricket captain Virat Kohli’s innerwear brand, was reduced from 100% to 50.87%. The...
Patanjali secures ₹3,200 crore loan from banks to buy Ruchi Soya
Baba Ramdev-led Patanjali Ayurved on Friday said it has already tied up loan worth ₹3,200 crore from a consortium of lenders led by State Bank of India to fund its acquisition of Ruchi Soya through insolvency process...
Paytm in talks to raise another $1 billion funding: Report
Digital payments major Paytm is looking at raising another round of funding of $1 billion, and is in discussion with multiple investors, including former UK Prime Minister David Cameron, according to sources. Sources...
Yes Bank board decides to raise up to $2 bn via preferential allotment
Yes Bank said on Friday eight global and domestic investors have shown interest in pumping in $2 billion in the bank. The lender’s board has on Friday taken the decision to raise up to $2 billion through...
Network18 denies reports on assets sale to Times Group
Media and entertainment conglomerate Network18 Media and Investments Ltd has denied reports of a sale of its news assets to The Times Group. A statement from the company’s legal department said the Bloomberg report was...
PE firms eye minority stake in Syska LED
US-based private equity firms General Atlantic, Blackstone and TA Associates have evinced interest in Syska LED Lights Pvt. Ltd which plans to sell a significant minority stake, said two people aware of the matter...
CarDekho acquires online car classifieds site Carmudi Philippines
Online car marketplace CarDekho on Thursday announced it has acquired Carmudi, an online car classifieds website in The Philippines, to expand its services across southeast Asia. Philippines is the 2nd southeast Asian...
Insurance tech startup Acko raises funds from Ascent
Insurance tech startup Acko General Insurance Ltd has raised $16 million in fresh funding from growth capital provider Ascent Capital, according to the company’s filings with the registrar of companies (RoC), sourced...
