Westbridge Capital has acquired 1.5% of Meesho at a valuation of $3.5 billion, two people with knowledge of the deal said. The investment firm acquired the stake from Meesho’s seed investor, Venture Highway. Venture...
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Tata Motors to sell 9.9% stake in Tata Tech for ₹1,614 crore
Tata Motors on 13 October announced to sell its 9.9 percent in Tata Technologies Limited (TTL) for an aggregate consideration of ₹1,614 crore, it said in a stock regulatory filing. The automotive major entered into...
Rainmatter Capital, Gruhas invest in Age Care Labs
As part of its pre-Series B funding round, elder care platform Age Care Labs has raised $11 million in fresh capital from fintech unicorn Zerodha’s investment arm Rainmatter Capital and proptech investment firm...
Birla Carbon acquires Belgium battery materials maker
Aditya Birla Group-led Birla Carbon, a global supplier of carbon black, has acquired Nanocyl SA, a Belgium-based manufacturer of multi-wall carbon nanotubes. Birla Carbon did not disclose the financial details of the...
NCLT dismisses Simpl co-founder’s plea
In a dispute between the two founders of fintech startup Simpl, the National Company Law Tribunal has ruled in favour of Chaitra Chidanand, dismissing an application by Nityanand Sharma, seeking to refer the disputes...
SoftBank offloads 2.5% stake in PB Fintech
Japanese tech investor SoftBank on Friday offloaded an additional 2.54% stake or 11.4 million shares in Policybazaar’s parent entity PB Fintech Ltd through a bulk deal. The shares were sold at ₹762.8 apiece. Prior to...
Fintech firm Slice set to enter banking via merger with SFB
Credit and payments unicorn Slice announced its merger with Guwahati-based North East Small Finance Bank (NESFB), in a rare instance of a fintech entering the banking sector. Bengaluru-based Slice, which also holds an...
Reliance Brands buys majority rights of Superdry IP for Indian territory
Reliance Brands Ltd. (RBL), part of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd., entered a joint venture deal with the UK-based clothing retailer Superdry PLC, securing rights to the brand’s...
Warburg Pincus acquires stake in Everise
Private equity firm Warburg Pincus has acquired a stake in IT services firm Everise Holdings at a valuation of $1 billion, the companies said in a statement. While Everise’s majority owner Brookfield Asset Management...
Vedanta to sell all its steel assets by March 2024: Anil Agarwal
India’s Vedanta Ltd is planning to complete the sale of its steel assets by March 2024, group chairman Anil Agarwal told CNBC TV 18 on Tuesday. The company began the review of its steel and steel raw material...
VIP Industries promoters explore stake sale
The promoters of VIP Industries Ltd are considering selling their stake in India’s largest luggage and travel accessories maker, two people familiar with the development said. The deal, including a potential open offer...
IQuest Enterprises acquires Viatris’ Indian API operations
IQuest Enterprises, a multi-sector investment company, said it has entered into a definitive agreement to acquire the API (active pharmaceutical ingredient) operations of global pharmaceutical major Viatris in India...
