Swaraj Singh Dhanjal

India: Mahindra Group unit looking to sell solar power assets

The sale process of these solar assets is being managed by investment bank Avendus Capital.

Singapore investors bullish on India’s commercial realty, warehousing niches

Private equity firms GIC, Ascendas-Singbridge and Xander, are pumping billions of dollars into India’s real estate sector.

India: Electronica Finance gets $10m from impact investor responsAbility

Electronica has sold rupee-denominated senior secured bonds worth $10 million, the investor said.

India: Shapoorji Pallonji arm Sterling and Wilson Solar files for $646m IPO

Shapoorji Pallonji Group expects to raise around $1 billion by bringing outside investors into its solar unit.

India: IIFL AMC buys minority stake in Neewee Analytics

The deal was conducted through IIFL India Private Equity Fund, which targets healthcare, technology, financial services and consumer sectors.

Global fund managers raised $100b in first quarter this year: Preqin

While the capital raising number remained almost flat, the number of fund closures has seen sharp divergence, with 340 funds closing in the quarter.

ReNew Power, NTPC likely to bid for PTC India’s wind power business

The sale could fetch a valuation of around ₹2,000 crore ($288.84 million).

India: Piramal Group, Canadian pension funds in race for GIP road assets

GIP’s road assets, totaling 472 route km, have been valued at between ₹4,000 crore ($575 million) and ₹4,250 crore ($600 million) by the bidders.

India: Lakshmi Vilas Bank board approves merger with Indiabulls Housing

The swap ratio has been fixed at 1:014, which means that for every 100 shares of LVB held by shareholders, they will be entitled to receive 14 shares of Indiabulls.

India: Suryoday SFB raises $36m from DEG, Kotak Mahindra Life Insurance

The fundraise also saw capital infusion from the bank’s promoters and its 13 existing investors, including Sarva Capital, HDFC, IFC, IDFC Bank, Gaja Capital and ASK Pravi.