Soumonty Kanungo

India’s NSE looking to ease startup listing norms

In 2013, NSE launched a platform called Emerge ITP to allow start-ups to get listed without having to go through a full-fledged initial public offering (IPO) route.

Hindusthan National Glass exits JV with Turkish firm, sells entire 11.23% stake

Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million

Usha Martin board approves proposal for steel business sale

In the light of the revived interest in steel assets, Usha Martin’s lenders are now of the view that it would be more expedient to sell the steel business.

India: Enam Holdings acquires 15% stake in security tech firm Vehere

After it receives the funding, Vehere will offer stock options to key employees.

India: Emami to buy 26% stake in Brillare in deal valuing firm at $15m

In early December, Emami announced it had agreed to acquire a 30% stake in another new consumer goods maker, Helios Lifestyle Pvt. Ltd, which sells upscale men’s grooming products under The Man Company brand.

Suitors line up for India’s oldest surviving tea company Assam Co

Assam Co. has 14 tea estates. “The produce of some of these estates is unique—you cannot produce such tea anywhere else in the world,” said the chairman of a potential bidder. There’s going to be “intense competition” for Assam Co.

India: Two tea producers set sight on Tata’s stake in Amalgamated Plantations

Kolkata-based Dhunseri Group and Mumbai-based MK Shah Exports Ltd have had initial discussions with Tata Global.

India: Battery-maker Eveready to form JV with Indonesia’s Universal Wellbeing

Eveready will own 30% in the joint venture, which will have an initial paid-up capital of Rs25 crore.

India: MFI Village Financial looks to sell 10% stake to raise growth capital

This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.

India: Tata Global Beverages may sell stake in Amalgamated Plantations

Tata Global Beverages is expecting an enterprise value of around Rs1,300 crore ($204m) for Amalgamated Plantations.