Senior Writer & Content Specialist, India
GMR Airports had signed an agreement with MAHB to acquire the latter’s 11 per cent stake in the Hyderabad airport for $76 million.
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.
Wipro is reportedly expected to buy back shares at a 20-25 percent premium to the current share price.
The bonds with a tenor of five years will be exclusively applied to finance eligible green projects.
In March last year, Blackstone had acquired 50 per cent stake in Indiabulls’ flagship office properties in central Mumbai for $730 million.
This is the second time that Fortis has extended the deadline for completion of the deal, which was announced in November 2017.
Reliance Industries, which gets a majority of its revenue from its energy business, has been actively acquiring stakes in smaller companies across sectors.
Zomato is in talks with with Chinese PE major Primavera Capital and existing investor Ant Financial, among others for the new round.
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.
The Series B round of funding also includes a partial secondary share sale by early backer Indian Angel Network.