Search Results for:Pramugdha Mamgain

Indiabulls Real Estate promoter trust sells shares worth $103m

IBREL IBL Scheme Trust, the promoter group entity of Indiabulls Real Estate, on Thursday sold 3.3 crore shares of the company for about Rs 662.83 crore during early trading hours on the stock exchanges. IBREL IBL Scheme Trust, of which Indiabulls Real Estate Limited is the sole beneficiary, has sold… Read more »


China: IFC to invest $100m in IPO-bound Penyao Environmental Protection

Penyao EP is preparing for an IPO in China.


French Indosuez to acquire CIC’s private banking biz in Singapore, HK

Indosuez Wealth Management, the international private banking arm of France’s Credit Agricole, on Friday announced that it has entered into exclusive discussions with Credit Industriel et Commercial (CIC) to acquire its private banking activities in Singapore and Hong Kong. The acquisition would further enhance Indosuez’s footprint and position in Asia… Read more »


India: VC fund Healthquad reaches final close of $12m

Fund to invest in 8-10 healthcare companies.


KKR founders, Fosun join $22.8m investment in Japan’s Seven Dreamers Lab

Japan’s Seven Dreamers Laboratories, a maker of personal-use devices, has raised $22.8 million (JPY2.5 billion) from private equity major KKR’s co-founders Henry Kravis and George Roberts, Chinese conglomerate Fosun International, among others, as per a report in AVCJ. Other investors who took part in the financing included Japanese logistics services… Read more »


India: Sequoia Capital leads $12.3m funding in MoneyTap

Bengaluru-based fintech startup MoneyTap has raised $12.3 million in a series A funding round led by Sequoia India, the company announced on Wednesday. The funding round also saw participation from Silicon Valley-based investor NEA and existing investor Prime Venture Partners. “With this fresh funding, MoneyTap plans to solidify its leadership… Read more »


India: Wipro picks 26% stake in IT consulting firm Drivestream

India’s third largest software services firm Wipro is acquiring 26 per cent stake in IT consulting firm Drivestream for a consideration of nearly Rs 5.2 crore ($809,690), it announced on Tuesday. The deal will see Wipro acquiring 19,679 preferred stock and 27,865 common stock, equating to 26.1 per cent of… Read more »


India: Cognizant acquires US-based HCSC’s subsidiary TMG Health

IT firm Cognizant on Tuesday announced that it has entered into a definitive agreement to purchase Health Care Service Corporation’s (HCSC) subsidiary TMG Health. Financial details of the deal were, however, not disclosed. As part of the deal, TMG Health will enter into a new, expanded multi-year service agreement to… Read more »


Global private debt funds raise $32b capital during Jan-May

Asia and Rest of World contributed to a mere 1.3 per cent to the total fundraising,


PE, VC-backed Indian companies outperform non-funded peers: Study

Private equity, venture capital backed companies fare better in terms of growth in sales and asset than companies that do not have such backing and also publicly listed companies that comprise market indices like Sensex, Nifty and CNX Midcap, according to a recent study by research firm Venture Intelligence. The recent… Read more »