India: Tiger Global-backed BlackBuck raises $70m led by Sands Capital


Accel Partners, Tiger Global, Apoletto and Flipkart also took part.

India: AION Capital buys controlling stake in Planetcast Media, Kubera exits

AION Capital Partners Ltd, an India-focused special situations fund, has acquired a controlling stake in Planetcast Media Services Ltd (PMSL), said two people with direct knowledge of the development. PMSL, formerly known as Essel Shyam Communications Ltd, offers services in the areas of digital media distribution and technology, content production… Read more »

India: Growing competition, sluggish growth driving consolidation

Promoters today are lot more comfortable giving up control of businesses.

Kubera Partners to exit India’s Planetcast Media Services for $22.5m

Kubera is selling its 41.9% stake in the company for $22.5m.

India: Foreign lenders of Jindal Steel agree to $550m debt recast

Banks include StanChart, Barclays and Deutsche Bank.

India: Bharatiya Mahila Bank to be merged with SBI

Bharatiya Mahila Bank had a loan book worth Rs 620 crore.

India: Equitas looks to trim micro-loan portfolio to 25%

It plans to enter farm loans, gold loans and unsecured business loans.

India Digest: Evergreen Power seeks $100m; MyGlamm, HDK Cabs raise funds

While Evergreen power is in talks to raise $100 million, former Karnataka Chief Minister HD Kumaraswamy plans to invest up to Rs 50 crore in HDK Cabs. Also, MyGlamm has raised Rs 35 crore ($5.3 million) in bridge funding from existing investor L’Occitane. Evergreen Power looks to raise $100m to ramp up India capacity To… Read more »

Blackstone to soon launch its first Nexus mall in India

Global investment firm Blackstone Group Lp’s India subsidiary Nexus Malls is set to launch its first shopping mall in the country in Seawoods, Navi Mumbai, expanding its retail portfolio. Blackstone had bought about 1 million sq. ft of retail space in the Seawoods Grand Central Mall in 2016 from L&T… Read more »

Indian billionaire shuns investment banks in $23b Vodafone Idea deal

Indian billionaire Kumar Mangalam Birla just pulled off the biggest deal of his career. There won’t be any investment banks sharing in the glory. The tycoon’s mobile arm, Idea Cellular Ltd., said Monday it will merge with Vodafone Group Plc’s Indian operations to create the largest Indian wireless carrier with… Read more »