Search Results for:Pramugdha Mamgain

India: Jain Irrigation Systems to raise $40m debt from IFC for expansion

JISL is investing about $50 million in expanding its operations.

India: Japan’s Sumitomo, Krishna Group form realty JV, to invest $2b in first project

The first project will be an 18 million sq ft development in Gurugram with cost in excess of $2 billion.

Singapore: Insurtech startup UEX raises nearly $1m from France’s Verspieren

UEX will use part of the proceeds to enhance its focus on developing its tech platform, and to enlarge its range of health insurance products.

India: IFC proposes to invest $50m in Clearwater-backed Altico’s housing projects

Altico will use the funds to finance affordable housing projects as per the Pradhan Mantri Awas Yojna.

India People Digest: Amazon ropes in former Flipkart exec; Two senior Myntra officials quit

In recent people moves, Mayank Jain, a former senior executive with Flipkart, has joined rival Amazon’s payments team. Besides, two senior executives of Myntra, Ambarish Kenghe and Naresh Krishnaswamy, have quit the Flipkart-owned fashion e-tailer. Amazon ropes in former Flipkart exec E-commerce company Amazon India has roped in Mayank Jain, a… Read more »

India Digest: HDFC in talks to acquire Apollo Munich; Reliance Nippon floats 3 AIFs

Apollo Munich is a 51:49 joint venture between integrated healthcare provider Apollo Hospitals Group and the Munich Re Group.

India: Mahindra leads $40m round in car rental startup Zoomcar for 16% stake

M&M, part of the $19-billion Mahindra Group, is investing Rs 176 crore in Zoomcar India.

India: IFC proposes to invest $150m in PNB Housing’s masala bonds

PNB HFL plans to raise up to $400 million through its maiden issue of masala bonds.

CITIC-controlled Harbin Pharma to acquire 40% of US retailer GNC for $300m

CITIC Capital had increased its stake in Harbin Pharmaceutical to 60.86 per cent last month.

Singapore’s GIC-led group targets data centre investments in North America

A new vehicle will initially be capitalised with over $800 million of equity targeted to support approximately $2 billion in data center development and investment.