State-owned Power Finance Corp (PFC) expects significant reduction in its bad loans with resolution of four stressed power generation assets, expected by the end of this financial year, its chairman and managing...
Currencycloud raises $80-million in Series E funding led by Visa, SAP venture
London-based start-up Currencycloud on Monday announced that it had raised over $80 million in Series E funding. The investment round was co-led by Visa and Sapphire, SAP’s venture capital arm, according to...
NTPC Board okays acquisition of govt stake in NEEPCO, THDC
State-owned power giant NTPC on Monday said its board has given in-principal approval to acquire government’s 100 per cent stake in North Eastern Electric Power Corporation Ltd(NEEPCO) and 74.5 per cent stake in...
Cipla, PAG eye Wockhardt’s formulations business
Cipla and Asian buyout fund PAG are vying with each other to acquire a big chunk of Wockhardt’s domestic formulations business for Rs 2,100-2,800 crore ($300-400 million) as the indebted pharmaceutical company looks to...
Bizongo raises funds in round led by Switzerland’s Schroder Adveq
Bizongo, an online marketplace for packaging products, on Monday said it has raised $30 million in a Series C funding round, led by Swiss hedge fund Schroder Adveq. Bizongo raised $22 million as part of its Series B...
Kedaara eyes stake in Veritas Finance
Private equity (PE) fund Kedaara Capital is in advanced discussions to acquire a stake in small business lender Veritas Finance at a valuation of ₹2,000 crore, two people aware of the talks said. Kedaara plans to put in...
IndiGrid InvIT looking to buy four transmission assets for ₹7,000 crore
Assets will be located across West Bengal, Bihar, Assam, Haryana and Madhya Pradesh, says CEO Harsh Shah IndiGrid Infrastructure Investment Trust (InvIT) is looking to buy four transmission assets worth₹7,000 crore by...
ISS recommends against Instructure’s proposed sale to Thoma Bravo
Four investment firms opposing the sale of U.S. educational software company Instructure Inc (INST.N) to private equity firm Thoma Bravo picked up support on Monday when an influential proxy advisory firm came out...
Germany’s Evonik wins U.S. legal fight to buy hydrogen peroxide maker PeroxyChem
A federal judge has ruled that Germany’s Evonik Industries AG’s (EVKn.DE) proposed purchase of rival U.S. hydrogen peroxide maker PeroxyChem Holding Company is legal under antitrust law. In a brief order issued late...
AbbVie-Allergan $63 billion deal aided by Nestle, AstraZeneca buys
U.S. drugmaker AbbVie’s (ABBV.N) $63 billion tie-up with Allergan (AGN.N) is getting help from Nestle (NESN.S) and AstraZeneca (AZN.L) buying up products the Irish-domiciled company is shedding to placate regulators...
Air India bidders must absorb $3.3 billion debt to buy airline
Bidders for Air India Ltd will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier. The entire company will be sold but effective...
Govt to sell 100 pc stake in Air India; issues bid document
The government has published a memorandum on preliminary information for 100% stake sale of national carrier Air India whereby the management control of the airline would also be transferred to the successful bidder...
