Large investments in the infrastructure sector have added momentum to PE/VC investment activity in India.
This marks Affirma Capital’s fourth investment in India in the past twelve months.
Modern Foods purchased a 75% stake in Supreme Baker, which sells Citi Fresh and Topsim Food brands.
Innovcare plans to use the funds to augment its current product portfolio.
Lack of deals in the sector adds to the woes of an existing credit crunch in the market.
IPOs & Markets
The government plans to reduce its stake in the company by about 12.5 per cent.
The startup plans to use the funding to expand its operations and launch its latest product Explorazor.
The sale of Andromeda is part of WGC’s attempts to raise capital to meet debt obligations at the group’s flagship company DHFL.
About ₹1.4 trillion is estimated to be invested by the private sector between 2018-22 to build new road assets.
The fund is anchored by a $500 million pledge from Abu Dhabi Investment Authority (ADIA).
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