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India: Future Lifestyle to raise $69m by diluting stake in investee brands


It is also transferring its Lee Cooper business to a subsidiary

India: Yes Bank share offering succeeds, second time around

The Indian lender has put last year’s failed share offering behind it.

India: Agrium-Potash merger likely to hurt competition, says CCI

India’s competition regulator said the proposed merger of fertilizer producers Agrium Inc and Potash Corp of Saskatchewan Inc is likely to hurt competition, but the comments were not expected to prevent the merger. Potash Corp and Agrium agreed to merge last September to navigate a severe industry slump by boosting… Read more »

India Dealbook: Oriano Solar, Indus OS fundraise; Dentsu to buy Lankan firm

Startups Oriano Solar and Indus OS have raised funds; while Dentsu Aegis has agreed to buy Sri Lankan firm Grant Group Oriano Solar raises $3 million from SIDBI’s Samridhi Fund Small Industries Development Bank of India (SIDBI)‘s private investment arm Samridhi Fund has agreed to invest Rs 20 crore ($3 million)… Read more »

2016-17: A record year for Indian M&A deals at $61b

This financial year has set a record for mergers and acquisitions (M&As) in India, with deals worth $61.26 billion—more than double the value of transactions last year. In 2015-16, M&A deals were worth $27.62 billion. The sharp increase was a result of both strong foreign buying interest and consolidation underway… Read more »

India: Reliance Industries completes 76% stake sale in Gapco to Total

RIL had announced the sale last June

India: I Squared Capital seeks to raise up to $4b for second fund

In April 2015, it had announced the final close of its first infra fund

India: FIPB green lights Gland Pharma’s acquisition by Shanghai Fosun

The deal will boost Gland Pharma’s presence in Africa, Europe and Japan

Icertis raises $25m in Series C round led by Facebook co-founder Saverin’s B Capital

Icertis has secured a total of $46m funding so far

India PE exits rose 2% in value terms in 2016: Bain and Co. report

The exit momentum continued for the second year