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...
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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...
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...
ITC Ltd raises stake in Mother Sparsh
ITC LTd. has increased its stake in baby and mother care brand Mother Sparsh to 22% for an estimated ₹13.50 crore, according to a regulatory filing by the company. “This has reference to our letters dated 26th November...
Adani Group agrees to acquire Air Works
The Adani Group on Tuesday said that it agreed to acquire Air Works, one of India’s major centres for the maintenance, repair and overhaul (MRO) of aircraft. The Adani Group forayed into the aviation sector in 2019 by...
M&As hit a record on HDFC, Adani, LTI-Mindtree deals
The volume and value of mergers and acquisitions in India hit new records, defying a global slowdown in deal-making as central banks turned off the liquidity spigot. Deal value in India rose 58% to $148 billion in the...
