By Reghu Balakrishnan
True North will buy stake from Ascent Capital, OrbiMed Advisors
With this, seed investment platform Venture Catalysts has exited the company.
HCG which made its market debut last year.
Puravankara Projects has sold its entire stake in three subsidiary companies including land to pharma company Hetero Group while business conglomerate Wadia Group is looking to buy Belgium’s Solvay Chemicals in National Peroxide stake in the company. Puravankara sells 3 Hyderabad ventures for $73m Puravankara Projects has sold its entire… Read more »
GIC and Abu Dhabi fund put in $155 million fresh equity into Greenko
The fund had achieved its first close at $85 million last year
KKR and Co. Lp and Canadian state-owned pension fund manager CPPIB’s Rs6,193.9-crore investment in Bharti Infratel Ltd on Tuesday for a 10.3% stake is likely part of a broader arrangement under which the investors are also expected to buy Idea Cellular’s stake in Indus Towers Ltd, two people aware of… Read more »
Bengaluru-based gourmet meat start-up Licious, run by Delightful Gourmet Pvt. Ltd, has secured $10 million in a Series B round of funding led by existing investors Mayfield India and 3one4 Capital, the company said in a statement. Sistema Asia Fund and Neoplux Technology Fund also participated in this round of… Read more »
Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million, two people aware of the development said. Atria, which is backed by marquee investor GE Energy Financial Services, an affiliate of General Electric Co., is seeking to expand… Read more »
Truecaller, the Stockholm-based company that identifies spam calls and helps keep mobile communication safe and efficient, announced two new major features in Truecaller 8, a completely new redesign of its Android app at an event in New Delhi on Tuesday. Users will now be able to take control of their… Read more »