Search Results for:Pramugdha Mamgain

HK: Spring REIT enters agreement to acquire 84 commercial properties in UK

Hong Kong-based Spring Real Estate Investment Trust (Spring REIT) has entered into an agreement to acquire 84 commercial properties from Hawkeye Oval Holdco III Limited and Hawkeye Oval II LLP in the United Kingdom for about $91 million (£73.5 million), as per a statement. This is Spring REIT’s first proposed… Read more »


India: Tata Power’ subsidiaries to sell stake in Nelito to Japan’s DTS Corp

Tata Power’ subsidiaries NELCO Ltd and Af-Taab Investment Co. Ltd. have entered into an agreement to sell their stakes in Nelito Systems to Japan-based DTS Corporation, the company announced on Friday. “NELCO and Af-Taab…along with other shareholders of Nelito, entered into an agreement for sale of shares of Nelito to… Read more »


India Digest: Cochin Shipyard IPO; CCI approves Reliance Infratel sale; NTT to fully buy Netmagic

Cochin Shipyard Ltd plans to raise nearly $220 million from IPO, while CCI has approved the proposed sale of Reliance Infratel to Canada-based Brookfield Infrastructure Group. Japan’s NTT Communications Corporation has got approval to increase its stake in data centre company Netmagic Solutions to 100 per cent. Cochin Shipyard to launch… Read more »


HK: IFC injects $25m in Minsheng IPO, may invest $4m more to support expansion

The International Finance Corporation (IFC), the private lending arm of the World Bank Group, has invested $25 million in Minsheng Education Group Company Ltd as a cornerstone investor in the company’s initial public offering (IPO) on the main board of the Hong Kong Stock Exchange, according to a press statement. Minsheng’s market… Read more »


Singapore: QT Vascular secures $7m from GEM Global, has option to raise more

Medical technology company QT Vascular Ltd. on Tuesday announced that New York-based private alternative investment group GEM Global has agreed to provide it S$10 million ($7 million) in funding over the next 30 months. GEM Global will route the investment through its GEM Global Yield Fund LLC SCS, QT Vascular said… Read more »


Rocket-backed Helpling raises $10.7m led by Singapore’s APACIG

On-demand cleaning services platform Helpling has raised nearly $10.7 million (S$15 million) from existing investors, led by Singapore-based Asia Pacific Internet Group (APACIG), a start-up incubator established jointly by Rocket Internet and Ooredoo. Other investors in the Berlin-based start-up include Rocket Internet, Lakestar, Accel Partners, and Mangrove Capital. As per a TechCrunch… Read more »


Grab follows rival Go-Jek with R&D centre in India, adds in Vietnam too

Grab’s India centre will house up to 200 engineers.


Finova Capital commits $15m loans to Indian MSMEs

Finova Capital, the NBFC licensed by Reserve Bank of India, has committed loan disbursements of nearly $15 million (Rs100 crore) to the Indian micro, small and medium enterprises (MSME) sector this year, the company announced on Tuesday. Since its launch a year ago, the company has already disbursed loans worth Rs… Read more »


India: Mahindra & Mahindra sells 7.5% stake in hospitality arm for nearly $40m

Mahindra & Mahindra has sold 7.5% equity stake in the group hospitality arm Mahindra Holidays & Resorts India Ltd (MHRIL) for about Rs275 crore, as per a BSE disclosure. “Pursuant to approval of the board of directors, the company has today sold 66,58,565 shares representing 7.5% of the share capital… Read more »


IFC may invest up to $25m in Carlyle’s fifth Asia fund

Carlyle Asia Growth Partners V is targeting to raise $1 billion.