Indiabulls Real Estate Ltd (IREL) on Saturday said it has sold its property in London to a promoter group firm for 200 million pounds (about ₹1,830 crore) as part of its plan to focus on the India business and cut debt...
Two-phased strategic disinvestment for BPCL likely
The government may consider two-phased disinvestment for public sector oil refiner and retailer Bharat Petroleum Corporation Ltd (BPCL), if the initial strategic sale of the entire 53.29% government stake in the company...
PE/VC fundraising peaks to five-year high as global bonds lose sheen
Private equity (PE) and venture capital (VC) firms in India raised more funds in the first three quarters of this year, than in the last five years, mainly because sinking bond yields left investors hunting for...
Air India sale offer may be finalized by month-end
The expression of interest (EoI) document for privatizing state-owned Air India Ltd is likely to be finalized by November-end, two people familiar with the matter said, requesting anonymity. A core group of secretaries...
Yes Bank gets $1.2 billion binding offer from a global investor
Private sector lender Yes Bank today informed stock exchanges that it has received a binding offer from a global investor for an investment of $1.2 billion in the bank through fresh issuance of equity shares. It is...
Blackstone invests in test prep firm Aakash
Private equity firm Blackstone Group LP will invest in omni-channel education and test preparation firm Aakash Educational Services Ltd, the PE firm said on Wednesday. Aakash is one of India’s largest test preparation...
Abu Dhabi’s Masdar to buy minority stake in Hero Future Energies
Abu Dhabi Future Energy Co. PJSC, also known as Masdar, one of the largest developers of renewable energy in West Asia, is picking up a minority stake in Hero Future Energies Pvt. Ltd, a renewable energy company owned...
KKR sells stake in SBI Life worth $75 million
American private equity (PE) firm Kohlberg Kravis Roberts and Co., or KKR, on Wednesday sold shares worth ₹533.7 crore (around $75 million) that it held in SBI Life Insurance Co. Ltd through a block deal on the market...
Google’s rumoured acquisition of Fitbit may not make a difference in India
It seems Google’s parent company, Alphabet, is exploring acquiring wearable maker Fitbit. The acquisition though, may not mean much for India, despite the fact that Fitbit has been present here for a while. According to...
ElasticRun raises $40 million from Prosus Ventures to expand logistics network
Pune-based logistics startup ElasticRun on Wednesday announced a fundraise of $40 million, led by Prosus Ventures (formerly Naspers Ventures) with participation from existing investor Avataar Ventures and Kalaari...
Jungle Ventures raises $240 mn for third fund
Jungle Ventures, a Singapore-based venture capital (VC) firm that has invested in several Indian startups, has raised $240 million for its third fund. The firm will invest in innovative technology and digital-driven...
Liberty House’s Sanjeev Gupta to merge steel operations
British commodities tycoon Sanjeev Gupta will merge his family’s steel operations by the end of the year into a new entity, the Liberty Steel Group, to be ready for a potential listing, he said on Tuesday. Other...
