IPO could provide boost to Rocket Internet that holds a 35% stake in the firm.
India: ICICI Bank-led consortium finally sells Jaypee’s cement biz to UltraTech for $2.5b
India: Piramal Finance invests $75m in Apollo LogiSolutions
Budget carrier IndiGo expresses interest to buy Air India stake
Indonesia Digest: B2B travel booking site BTI launched; Smart city app Qlue invests in Nodeflux
Norway’s wealth fund places 2 South Korean firms on observation
[Update] Alibaba invests $1b more in Lazada, ups stake to 83% as Rocket, Kinnevik exit
PropertyGuru’s Melhuish doesn’t believe in ‘unicorns’ even as portal nears $1b mark
Singtel’s broadband arm NetLink Trust launches up to $1.95b IPO
Singapore: Blackstone Group makes $650m bid for Croesus Retail Trust
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