Manipal Group is in advanced talks with Emami Group to buy the latter’s AMRI hospital chain at an enterprise value of around ₹1,500 crore, two people aware of the talks said, adding that a deal is likely to be announced...
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MoneyPlanned raises ₹2.5 cr in seed funding led by Inflection Point Ventures
Fintech platform MoneyPlanned has raised over ₹2.5 crore in a seed funding round led by Inflection Point Ventures. The round also saw participation from Expert Dojo, an early-stage startup accelerator, Joseph R Saviano...
Alpha Alternatives raises ₹130 crore
Investment banker Naresh Kothari-owned multi-asset management platform Alpha Alternatives has raised ₹130 crore as equity capital from existing investors and several marquee family offices. This is the second fundraise...
Religare to raise ₹300 cr for health insurance biz
Religare Enterprises Ltd is set to raise ₹300 crore through a rights issue to grow its health insurance business, said Rashmi Saluja, executive chairperson. “REL is committed to fully subscribe to its share as a...
Fairfax India to sell Fairchem Organics stake
Billionaire Prem Watsa-backed Fairfax India Holdings Corp. is looking to sell its majority stake in speciality chemicals manufacturer Fairchem Organics Ltd, three people aware of the development said. A transaction may...
Veranda Learning Solutions to raise ₹300 cr via preferential issue, warrants
Edtech company, Veranda Learning Solutions has received approval for raising ₹300 crore through a mix of preferential issue of equity shares and convertible warrants. Of the total, promoters will infuse ₹61.40 crore...
Everstone Capital acquires controlling stake in Softgel Healthcare
Everstone Capital, the private equity arm of Everstone Group, has acquired a controlling stake in Softgel Healthcare (SHPL), a manufacturer focused on nutraceutical, pharmaceutical and OTC or over-the- counter segments...
Tata Steel to raise ₹2,000 cr through NCDs
Domestic steel maker Tata Steel said its committee of directors decided has approved raising ₹2,000 crore through allotment of non-convertible debentures (NCDs) on a private placement basis. In a filing to the BSE, the...
Blockchain startup 5ire acquires stake in Network Capital
Blockchain network 5ire has recently acquired a stake in career advancement platform Network Capital (NC). Network Capital will be rebranded as NC powered by 5ire and Utkarsh Amitabh has been named its chief marketing...
Mensa Brands acquires peanut butter brand Myfitness
D2C (direct to consumer) unicorn Mensa Brands has acquired MyFitness Sports Pvt Ltd, which operates the eponymous peanut butter brand, for an undisclosed sum, the D2C aggregator said on Monday. The company has now...
KKR puts Avendus up for sale
Homegrown financial services group Avendus Capital Pvt. Ltd is up for sale, with private equity firm KKR & Co. planning to exit the company at a valuation of $500-600 million, two people aware of the matter said...
TPG to sell Manipal Health stake, promoter buyback plan fails
Private equity firm TPG has approached investors to sell its stake in Bengaluru-based Manipal Health Enterprises Ltd, after a proposed promoter buyback of TPG’s stake in the hospital chain stalled, three people with...
