India Dealbook: Ardom Telecom, Zaggle in M&A; Capital Float raises $2.3m

Posted by & filed under Deals & Investment

While Ardom Telecom has acquired Quanta Towergen, Hyderabad-based Zaggle has bought Pennyful. Also, Capital Float has raised $2.3 million from Mahindra and Mahindra Financial Services. Ardom Telecom acquires Quanta Towergen in all-cash deal Telecom infrastructure operation and maintenance firm Ardom Telecom Pvt. Ltd  has acquired US-based Quanta Towergen for an undisclosed amount…. Read more »

Investors, led by Farallon Capital, float alternative debt plan for China developer Kaisa

Posted by & filed under Real Estate

A consortium of investors in debt-laden Chinese developer Kaisa Group Holding led by Farallon Capital has drafted a proposal that would inject $650 million into the company and result in higher recovery for bondholders, documents seen by Reuters showed. Under the proposal, the consortium would inject $150 million into the… Read more »

US-based Grayscale Investments floats $10m ethereum classic private fund

Posted by & filed under Private Equity

U.S. investment firm Grayscale Investments has launched the first private fund focused on ethereum classic, a blockchain platform, with a seed capital of $10 million, Barry Silbert, founder of the company’s parent, Digital Currency Group (DCG), said on Wednesday. The fund is called Ethereum Classic Investment Trust, with the initial… Read more »