The number of deals in March 2019 increased by 44% against a year ago, with 89 deals in March 2019 compared to 62 in March 2018.
Founded in 2015, NinjaCart connects farmers to end retailers such as grocery stores, supermarkets and restaurants, which buy fruits and vegetables.
A potential deal could be a major reprieve for the Subhash Chandra-led group that is struggling to repay lenders.
The stake sale had drawn interest from foreign packaging companies and various PE funds.
The stake sale could be valued at more than $1 billion, reaching up to nearly $1.5 billion given the size of Mytrah’s portfolio
Leap Green plans to use the capital to repay debt and for developing the pipeline of projects.
US private equity firm Warburg invested $125 million in the company in 2016 for a majority stake.
The sale process of these solar assets is being managed by investment bank Avendus Capital.
Private equity firms GIC, Ascendas-Singbridge and Xander, are pumping billions of dollars into India’s real estate sector.
Electronica has sold rupee-denominated senior secured bonds worth $10 million, the investor said.
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