Forbes and Company, the listed arm of Shapoorji Pallonji Group, on Monday announced the demerger of its precision tools and machine parts business. As per the scheme of arrangements approved by the board of directors of...
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Molbio Diagnostics raises $85 mn from Temasek at unicorn valuation
Singapore-based investment firm Temasek has invested $85 million (around ₹680 crore) in Goa-based diagnostics chain, Molbio Diagnostics Pvt. Ltd. The company will be valued at $1.6 billion post the round, said a person...
Will continue to make small acquisitions: Harshil Mathur
Fintech unicorn Razorpay ventured into the offline market with its acquisition of Ezetap last month for $200 million, its biggest so far. In December last year, the company became the most valuable fintech startup in...
Nestle to invest ₹5,000 crore in India, explore acquisitions
Nestle SA, the world’s largest food company, will spend ₹5,000 crore to build factories and research centres in India till 2025 as the growing middle class in Asia’s third-largest economy steps up spending on food and...
Reliance New Energy to acquire 20% stake in US-based Caelux
Reliance New Energy Limited (RNEL), a wholly-owned subsidiary of Mukesh Ambani’s oil-to-telecom conglomerate Reliance Industries Ltd. (RIL), will invest $12 million to acquire a 20% stake in solar technology developer...
Good Glamm scraps plan to buy Raymond’s consumer biz
Good Glamm Group, the direct-to-consumer beauty and personal care conglomerate, has abandoned plans to acquire Raymond’s consumer care business due to a valuation mismatch, said a person with knowledge of the matter...
Light Microfinance raises ₹196 crore in Series B funding round
Light Microfinance has raised ₹196 crore in a Series B funding round, the company said in a statement on Thursday. The funding was led by British International Investment (BII), UK’s Development Finance Institution...
Kuku FM raises $21.8 mn series B1 funding from Fundamentum Partnership
Audio streaming start-up Kuku FM has raised $21.8 million in series B1 funding led by The Fundamentum Partnership. Along with new investors Fundamentum and Paramark, existing investors KRAFTON, Inc, 3one4 Capital...
IGP, Interflora parent raises ₹187 cr from Motilal Oswal Alternate Investment
Join Ventures Private Limited, the company behind gifting platform IGP.com, Interflora India, and a to-be-launched food company Masqa, has raised $23.5 million ( ₹187 crore) in a Series-B round, led by MO Alternate...
Binance and FTX make top bids for bankrupt lender Voyager
Crypto exchanges FTX and Binance have made the leading bids for the assets of bankrupt crypto-lender Voyager Digital Ltd., according to people familiar with the matter, but neither bid has been accepted yet. The current...
KPIT Tech acquires 4 Technica Group companies for ₹640 crore
KPIT Tech on Wednesday announced that its board has approved the acquisition of four of the Technica Group companies with Euro 80 million ( ₹640 crore) fixed consideration to be paid over 6 months. The deal is expected...
EY faces knotty split of its lucrative tax business
Ernst & Young’s tax experts bring in lots of cash and are highly valued by the firm’s clients. Many members of the 70,000 strong group don’t know where they will be working next year, or if they will be competing...
