Electric Vehicle financing NBFC Mufin Green Finance (Mufin) has recently raised $7 million (INR 58.1 crore) green bond from Symbiotics Investments. The bond forms part of the $75 million green basket bond program...
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Tiger, Ribbit, TVS invest $100 million in PhonePe
Walmart-owned digital payments platform PhonePe said it raised an additional $100 million in primary capital from Tiger Global, Ribbit Capital and TVS Capital Funds on Tuesday at a pre-money valuation of $12 billion...
NCLT adjourns ZEE lenders’ matter against proposed merger to 9 March
The Mumbai bench of the National Company Law Tribunal (NCLT) on Tuesday adjourned the matter related to applications filed by certain lenders and creditors, against the proposed merger of media and entertainment company...
CCI clears acquisition of commercial real estate assets by Nexus Select Trust
The Competition Commission of India on 13 February approved the acquisition of commercial real estate assets by Nexus Select Trust. As per details, the Nexus Select Trust is a Sebi-registered real estate investment...
Goldman, TVS lead $150 million investment in InsuranceDekho
New York-based Goldman Sachs Asset Management and homegrown mid-market private-equity firm TVS Capital Funds led a $150-million (about ₹1,240-crore) investment in InsuranceDekho in the largest Series A round of funding...
CCI clears six deals after resolving quorum deadlock
Competition Commission of India (CCI) cleared six transactions, according to separate official statements. The approvals show the regulator has found a solution to the shortfall in its quorum requirement after seeking...
Norway wealth fund sold stakes in Adani companies
Norway’s wealth fund’s phased divestment in Adani Group came to an end, when it sold its remaining stakes worth over $200 million in remaining three Adani Group companies in last two months, said the...
Shriram Pistons to invest ₹222 crore in Takahata Precision India
SPR Engenious, a wholly-owned subsidiary Shriram Pistons & Rings, will acquire 75% stake in Takahata Precision India Pvt Ltd. (TPIL) at an enterprise value ₹222 crore, the company said on Thursday. The enterprise...
Blackstone looks to sell $1 billion stake in IBS Software
Blackstone Inc. is in talks with multiple private equity funds to sell a significant minority stake in IBS Software after its plans for a foreign listing failed to materialize, two people familiar with the development...
Sheela Foam looks to buy furniture rental Furlenco
Sheela Foam Ltd is in advanced talks to acquire furniture rental startup Furlenco, said three people with knowledge of the development, as the maker of the Sleepwell brand of mattresses looks to expand into newer...
NCLAT issues notice to Torrent Investment in RCap case
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notice to Torrent Investments in a matter pertaining to a plea filed by the secured lenders of Reliance Capital seeking a second round of financial...
Vikas Lifecare okays its strategic investment in Kohinoor Foods for ₹250 Cr
Fast Moving Consumer Goods (FMCG) are the focus of Kohinoor Foods Ltd, a small cap company with a market valuation of ₹241.71 Cr. Kohinoor Foods has a market presence nowadays, selling food items such as basmati rice...
