Gateway Distriparks Limited (GDL) has signed a share purchase agreement (SPA) to acquire Kashipur Infrastructure and Freight Terminal Private Limited (KIFTPL). “The agreed purchase consideration for the acquisition of...
LIC picks up over 2% additional stake in Capri Global for ₹257 cr
Insurance behemoth Life Insurance Corporation of India (LIC) has raised its stake in Capri Global Capital by 2 per cent over the last few months at an investment of ₹257.37 crore. Its shareholding in Capri Global has...
Tilaknagar Industries buys 19.5% stake in maker of ready-to-drink shots Swigger
Tilaknagar Industries Limited, an Indian-made foreign liquor (IMFL) manufacturer has invested about ₹1 crore for a 19.5% stake in Pune-based start-up, Incredible Spirits Private Limited (ISPL), makers of ready-to-drink...
Merger of anti-profiteering body with CCI faces hurdles
The government’s idea of merging the National Anti-profiteering Authority (NAA), which penalizes businesses for goods and services tax (GST)-related profiteering, with the anti-trust regulator Competition Commission of...
British International Investment leads ₹200 cr round in Kinara Capital
Small business lender Kinara Capital on Friday said it has secured ₹200 crore (around $25 million) in a financing round led by UK’s development finance institution (DFI) British International Investment (BII). The...
Jubilant Bhartia Group picks up minority stake in Keventers
Milkshake and ice-cream brand Keventers, operated by Super Milk Products Private Limited (SMPPL), on Thursday announced an equity investment from Jubilant Bhartia Group for an undisclosed amount. Jubilant Bhartia Group...
boAt withdraws IPO plans; to raise $60 million from Warburg, others
Imagine Marketing Pvt. Ltd, which operates audio gear and wearables brand boAt, is raising around $60 million ( ₹500 crore) in a fresh round of equity funding led by its existing backer Warburg Pincus and new investor...
Prem Watsa’s Fairfax to exit Bengaluru airport for $1.5bn
Fairfax Financial Holdings Ltd, controlled by Canadian billionaire Prem Watsa, plans to sell its entire stake in Bangalore International Airport Ltd (BIAL) for at least $1.5 billion, two people familiar with the matter...
AI chip startup SiMa.ai raises $37 million in B1 round
Artificial intelligence-based chip startup SiMa.ai said on Wednesday it has raised $37 million in a Series B1 round from Dell Technologies founder-backed MSD Partners. Existing partners including Fidelity Management...
Aditya Birla fashion unit to buy majority stakes in three brands
TMRW, a wholly-owned unit of Aditya Birla Fashion Retail Ltd, is all set to buy majority stakes in three startups, in what would be its first step towards creating one of India’s largest portfolio of disruptor brands in...
IDBI Bank privatisation: LIC to recover its investment by time of sale
State-owned insurance behemoth LIC is expected to recover its ₹21,624 crore investment it had made in IDBI Bank as share prices are likely to rebound to 2019 levels by the time the lender is privatised, an official said...
KKR looks to sell renewable energy platform Virescent
KKR & Co. is looking to sell its maiden renewable energy platform Virescent, which, once completed, will mark the first exit for the private equity major’s inaugural Asia Pacific Infrastructure Fund from India...
