Muthoot Finance Ltd. Tuesday said it will raise ₹300 crore via secured redeemable non-convertible debentures (NCDs) of face value ₹1,000 each. The issue will have a base issue size of ₹75 crore with an option to retain...
Aditya Birla Fashion to raise ₹2,195 cr from GIC
Aditya Birla Fashion and Retail Ltd (ABFRL) will sell a 7.5% stake to GIC, Singapore’s sovereign wealth fund, to raise up to ₹2,195 crore to expand its presence in the branded apparel market. The plan, approved by the...
Maruti Suzuki To Acquire 12% Stake In Ai Firm Sociograph Solutions
India’s largest carmaker Maruti Suzuki India Ltd (MSI) has agreed to acquire 12.09% equity stake in Sociograph Solutions Pvt Ltd. for ₹2 crore. The investment would help Maruti to strengthen its offering to...
Blackstone, Abu Dhabi Investment Authority Said To Buy Stake In Indiabulls
Indiabulls Housing Finance Ltd.’s founder is selling about half his stake in the shadow lender to investors led by Blackstone Group Inc. and Abu Dhabi Investment Authority, according to people familiar with the matter...
Chipmaker Broadcom in talks to acquire VMware
Broadcom Inc. is in talks to acquire cloud-computing company VMware Inc., according to people familiar with the matter, setting up a blockbuster tech deal that would vault the chipmaker into a highly specialized area of...
Baring PE Asia to raise $350 mn debt, fund IGT Solutions buyout
Asia-focused private equity firm Baring PE Asia which is acquiring BPO firm IGT Solutions from Apollo Global is in the process of raising $350 million in debt to finance the $800 million buyouts, said two people aware...
Govt extends deadline for FSNL strategic sale
The department of investment and public asset management (DIPAM) has extended the last date for submission of bids for strategic disinvestment of Ferro Scrap Nigam Ltd., a 100% subsidiary of MSTC Ltd., under the...
CCI clears merger of Biocon, Serum Institute subsidiaries
The Competition Commission of India (CCI) said on Thursday it has approved the merger of two subsidiaries of Biocon Ltd. and Serum Institute Life Sciences that was announced by the companies last September. CCI said the...
CCI approves OFB Tech’s acquisition of majority stake in SMW Ispat
The Competition Commission of India (CCI) has approved acquisition of majority stake in SMW Ispat Private Limited by OFB Tech Private Limited. The proposed combination envisages acquisition of majority stake in SMW...
Jsw Signs Exclusive Deal To Buy Mytrah
JSW Group has entered into an exclusive agreement to buy green energy producer Mytrah Energy India Pvt. Ltd in a deal worth about $2 billion in enterprise value, two people aware of the development said. Barclays Bank...
Gip’s Sale Of Renewable Portfolio May Fetch ₹4,500 Crore Value
Infrastructure investor Global Infrastructure Partners (GIP) is seeking an enterprise value of around ₹4,500 crore for the sale of its Indian renewable energy portfolio comprising assets totalling 750 megawatts (MW)...
Edtech Start-up Speedlabs Raises ₹14.31 Cr From Mumbai Angels, Others
AI-based EdTech platform SpeEdLabs has raised ₹14.31 crore from Mumbai Angels, LetsVenture, Ecosystem Ventures and SucSeed Ventures in pre-series funding round. The capital will be used to expand its presence and...
