Diagnostics chain Metropolis Healthcare Ltd has acquired four laboratories in Surat, Gujarat for a combined consideration of ₹18 crore. The acquisition was done to expand the penetration of the company’s wholly-owned...
Rana Kapoor, his two entities sell 2.16% stake in Yes Bank for ₹510 crore
Yes Bank promoter Rana Kapoor and his group entities have sold 2.16 per cent stake worth ₹510 crore in the lender, according to a regulatory filing. The stake sale was done through open market transaction on September...
Tiger Global leads fresh funding in realty listing site NoBroker
Brokerage-free real estate listing platform NoBroker.com said on Tuesday that it has raised $50 million ( ₹356 crores) in Series D funding in a round led by Tiger Global Management. Existing investor General Atlantic...
Airtel hires i-banks to help raise up to $1 bn
India’s second largest operator by revenue Bharti Airtel has appointed seven joint bookrunners and joint lead managers to kick start the process of a potential fundraising exercise through dollar denominated perpetual...
Altico in talks with Cerberus, Apollo, others to raise funds
Real estate-focused lender Altico Capital India Ltd, which defaulted on interest payments, is in talks with private equity funds, including Apollo Global Management and Cerberus Capital, for a stake sale, according to...
Khatabook raises $25 million Series A funding
Khatabook, a mobile application that enables small and medium enterprises to record and track business transactions, announced on Tuesday, that the company has raised $25 million in Series A funding from GGV Capital...
Adani group firms plan to raise $2 bn from dollar bonds
Adani group is preparing to raise as much as $2 billion by selling dollar-denominated bonds as it seeks to refinance a bulk of its local debt and diversify its creditor base. Adani group companies that are planning to...
IDBI Bank to exit ARCIL, board okays stake sale
IDBI Bank today informed the stock exchanges that its board has granted in-principle approval to divest the bank’s entire 19.18% stake in Asset Reconstruction Company (India) Ltd (ARCIL). The sale would comprise 62.32...
Distressed asset acquisitions, consolidation behind large M&A transactions
Large deals or those worth more than $250 million each have seen a sharp increase in value terms since 2015, Bain & Co. said in its India M&A Report 2019. Between January 2015 to April 2019, 60 large deals worth...
Tiger Global eyes stake in KredX
New York-based Tiger Global Management, one of the most prolific investors in Indian startups, is in talks to acquire a minority stake in Sequoia Capital-backed invoice discounting platform KredX, said two people aware...
Allcargo Logistics in talks to acquire stake in rival Gati
Allcargo Logistics Ltd is in talks to buy a stake in smaller rival Gati Ltd, people with knowledge of the matter said, as India’s biggest cargo company attempts to boost its presence across Asia’s third-largest economy...
Blackstone to soon take full control of IBREL office assets
Indiabulls Real Estate Ltd (IBREL) said it has sold its remaining stake in some of its office assets in Gurugram and central Mumbai to Blackstone Group Lp for around ₹2,717 crore, paving the way for the New York-based...
