The government will soon invite bids to sell its entire stake in Air India, after potential buyers balked at an initial attempt to divest a partial stake in the national carrier. “The expression of interest document for...
Multiples PE in talks to lead investment round in Kissht
Private equity (PE) firm Multiples Alternate Asset Management is in advanced talks to lead a funding round of around $60 million in digital lender Kissht, said three people aware of the matter. While Multiples is...
PSU stake sales may be placed for Cabinet nod in Nov-end
In the first lot of big-ticket disinvestments, the government is aiming the stake sales of PSUs, including BPCL, SCI and Concor, among others, which have recently been cleared by the Amit Shah-led panel, at the earliest...
Adani Green Energy raises $362.5 mn via dollar bonds
Adani Group’s renewable energy arm – Adani Green Energy Ltd – on Friday said that it has raised $362.5 million through a dollar bond issuance. The dollar bonds, which have a maturity of 20 years, bear an...
Tata Steel mulls stake sale in e-commerce JV mjunction Services: Report
Tata Steel Ltd. is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said. The company...
AAI seeks solicitor general opinion for Tata Group’s bid for GAL stake
The Airports Authority of India (AAI) has sought the opinion of the Solicitor General of India on the legality of Tata Group’s plans to acquire a majority stake in GMR Airports Limited (GAL), which along with...
Expense management firm Fyle raises $4.5 mn led by Steadview Capital
Fyle, a startup which provides expense management software, said on Thursday that it has raised $4.5 million led by US-based hedge fund Steadview Capital. Existing investors Tiger Global, Freshworks, and Pravega...
Varanium Capital plans to raise ₹200 crore to fund fintech startups
Varanium Capital, a portfolio manager that offers investment and advisory services, said it plans to raise a ₹200 crore fintech-focused early-stage venture capital fund. The Varanium NexGen fund plans to invest ₹2-5...
Software-for-dentists startup CareStack raises $28 million
CareStack, a cloud-based technology platform for the dental industry, said on Wednesday that it has raised $28 million in a Series B round led by hedge fund Steadview Capital, along with the California arm of Delta...
European Commission clears Novelis’s acquisition of Aleris
Aluminium rolling and recycling company Novelis Inc., a wholly owned subsidiary of Hindalco Industries Ltd, said on Tuesday that the European Commission has approved its proposed acquisition of US-based Aleris Corp, a...
CCI approves Tata Group’s plans to acquire stake in GAL
The Competition Commission of India (CCI) has approved an arm of Tata Group, and its two overseas partners to acquire a majority stake in GMR Airports Limited (GAL), the ministry of corporate affairs said in a statement...
SoftBank Vision Fund to acquire additional stake in Delhivery
SoftBank Vision Fund, the world’s largest technology investor, is set to buy an additional stake from existing shareholders of logistics startup Delhivery Pvt. Ltd, according to filings by an affiliate of the fund with...
