Ishita Russell

Senior Writer & Content Specialist, India

Malaysia’s MAHB ends pact with GMR to sell stake in Hyderabad airport

GMR Airports had signed an agreement with MAHB to acquire the latter’s 11 per cent stake in the Hyderabad airport for $76 million.

US-based March Capital raises over $300m for two VC funds

Largely focused on the US, the VC firm is also keen to step up its pace of investments in India and was also considering setting up a base in the country.

Indian tech major Wipro may consider $1.2b share buyback: Report

Wipro is reportedly expected to buy back shares at a 20-25 percent premium to the current share price.

India’s Tata Cleantech raises $25.6m from Dutch bank FMO via green bonds

The bonds with a tenor of five years will be exclusively applied to finance eligible green projects. 

Blackstone acquires 50% stake in two Indiabulls’ Gurgaon properties

In March last year, Blackstone had acquired 50 per cent stake in Indiabulls’ flagship office properties in central Mumbai for $730 million.

India Digest: Fortis, Reliance extend deadlines for acquisitions

This is the second time that Fortis has extended the deadline for completion of the deal, which was announced in November 2017.

Reliance Industries arm to acquire renewable energy firm Kanoda for $10.8 m

Reliance Industries, which gets a majority of its revenue from its energy business, has been actively acquiring stakes in smaller companies across sectors.

Indian food delivery startup Zomato eyes up to $1b in new round: Report

Zomato is in talks with with Chinese PE major Primavera Capital and existing investor Ant Financial, among others for the new round.

Valuations ahead of fundamentals is just froth: Avnish Bajaj, Matrix Partners India

The venture capital firm recently raised an additional $21 million for its third fund, taking the total amount raised by the vehicle to $321 million.

Indian fashion brand FabAlley raises $8.5m from SAIF Partners

The Series B round of funding also includes a partial secondary share sale by early backer Indian Angel Network.