S. Bridget Leena

Singapore’s Govin Capital in pact with IIT Madras incubation cell

Singapore-based Govin Capital signed an agreement with Indian Institute of Technology Madras Incubation Cell to offer bio-entrepreneurial education and accelerate med-tech and life-sciences start-ups from the wider IITM community. Govin Capital is focused on early-stage medtech and technology startups in Singapore and India will also be mentoring start-ups at IITM’s… Read more »

India: Karadi Path Education raises $2.3m from Pearson, Aavishkaar

Chennai-based education services company Karadi Path Education Co. Pvt. Ltd on Wednesday said it has raised $2.3 million from Pearson Affordable Learning Fund and existing investor Aavishkaar India II Co. Ltd. Karadi Path provides high-impact, low-cost programmes to deliver English language proficiency to children and adults. The company will use… Read more »

India: Take Solutions to acquire lifescience services firm Ecron Acunova

Take Solutions Ltd, a technology company with expertise in life sciences, on Wednesday said that it had entered into definitive agreements to acquire Ecron Acunova, a life sciences services firm. PTI reported that Take Solutions will pay Rs 115 crore for Ecron Acunova. This association will enable Take Solutions to… Read more »

India: Virtusa to buy 53% in Polaris for $180m, make open offer for up to 26% more shares

US-based Virtusa Corp. will buy a 53% stake in Polaris Consulting and Services Ltd, a digital transformation and financial technology company for Rs 1,173 crore (approx $180 million). Virtusa will buy Polaris shares at approximately Rs.220.73 each and make an offer to the company’s public shareholders for up to 26% more of… Read more »

India: Sun TV Network to consider buy-back of equity shares

Kalanithi Maran-promoted Sun TV Network Ltd said on Friday it will consider a proposal for a share buy-back. Investors reacted positively to the news, which sent Sun TV shares higher by 5.21 % at Rs.395.70, while the benchmark Sensex ended 0.68% lower to 26,656.83 points. The Chennai-based media company informed… Read more »

India: TVS Logistics buys majority stake in Australia’s Transtar for $31m

TVS Logistics Services Ltd said on Thursday that it had bought a majority stake in Melbourne-based logistics company Transtar for $31 million (Rs.200 crore) to boost its presence in the Asia-Pacific region and in the freight forwarding services market. TVS Logistics plans to fund the debt-and-equity deal through internal accruals,… Read more »

India: Sun TV promoters have no plans to exit company: CFO

Kalanithi Maran and his wife Kaveri Kalanithi, promoters of Sun TV Network Ltd, have no plans to exit south India’s biggest media group, its chief financial officer (CFO) said on Friday. The comments came amid market speculation that the promoters were looking to sell their stakes to two private equity… Read more »

India: TVS Capital picks up 7.5% stake in Prabhat Dairy for $13m

TVS Capital Funds has invested $13 million (Rs.85 crore), for a 7.57% stake, in recently listed Prabhat Dairy. “Prabhat Dairy has a well-established integration with farmers and an efficiently run business model,” said Gopal Srinivasan, chairman and managing director, TVS Capital Ltd. Srinivasan added that the return on investment improves… Read more »