Analysis
Banks have stopped lending to IIFL Finance’s gold and other businesses.
India's IIFL Finance faces liquidity crunch after RBI curbs on its gold loans business: report
Quadria Capital picks up minority stake in Indian dialysis chain NephroPlus for $102m
KKR to buy Indian medical devices firm Healthium Medtech from Apax
Australia Digest: AI startup Brainfish raises funding; Optus names new CEO
Triple P, IFC consortium acquires non-life insurer MAA General Assurance Philippines
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Private Equity
NephroPlus operates dialysis centres mainly in India, the Philippines and Uzbekistan.
Deals
The transaction could be valued at as much as $1b, Bloomberg reported.
Another investor from Singapore is also in the fray to back the startup’s over $60m round.
Nearly 44 of the 183 companies that listed since 2021 are trading below their offer price.
The larger National Stock Exchange of India and its older rival BSE are wrestling for dominance in derivatives.
Policy & Regulations
The notice includes the flagship Adani Enterprises.
The number of late-stage venture debt deals declined to just five in 2023 from 16 in 2022 and 24 in 2021.
The company is said to have reached out to SBI, Bank of Baroda, Punjab National Bank, and some private banks.
Venture Capital
The total corpus raised by AiDash to date stands at $91.5 million.