Ishita Russell

Senior Writer & Content Specialist, India
Email: ishita@dealstreetasia.com

India Digest: PNB Housing, Essar Steel, Hotel Leelaventure, ReNew Power in M&A news

Existing investor General Atlantic is likely to pick up 12% more stake in PNB Housing, while Varde is expected to acquire 10% stake.


Allianz invests over $200m in Edelweiss’ private debt platform

The investment is Allianz’s first private debt commitment in the stressed assets space in India.


India Digest: HDFC Capital to ink 3 housing JVs; EWPL draws investor interest

HDFC Capital is said to have agreed to form a platform deal with Mumbai-based Rustomjee and is in talks with two other developers for similar deals. 


KKR completes acquisition of 60% stake in India’s Ramky Enviro for $510m

In August last year, KKR had signed an agreement to acquire the stake through a combination of primary and secondary investments.


Russia’s RTP Global to focus on India through new fund, plans local office

To step up its pace of investments in India, RTP Global hired Kirill Kozhevnikov, who previously launched and managed Sistema Asia Fund.


Indian dairy startup Country Delight raises $10m from Matrix, Orios Venture Partners

The startup plans use the capital to scale up its operations nationally and introduce new products.


India: After launching $50m growth fund, 3one4 Capital seeks to raise new vehicle soon

Earlier this week, 3one4 Capital reached the first close of its opportunities fund at $21 million.


Reddit said to be in talks with China’s Tencent to raise a $300m round

The round could also see participation to the tune of $150 million in additional cash from its existing backers.


IFC considers proposal to invest up to $8m in Indian fintech startup Mintifi

Early last year, the online lending startup had raised $2 million in a seed round from impact investment firm Lok Capital.


India: Ride-hailing major Ola raises $16m from new foreign investors; hires COO

This latest filing follows news reports of Flipkart co-founder Sachin Bansal having invested $21 million in the company.