Piramal Enterprises' evaluation of exit from Shriram Capital is part of the former's long-term strategy to fund growth of its financial services busi
The company had raised $200 million in FY19 through the external ECB route.
The round was led by Viking Global and joined by Neuberger Berman, Atreides Management, Riverwood Capital, Tenaya Capital and Nexus Venture Partners.
This is Fuji’s second investment in India. In 2015, it entered into a JV with Gemco Control Systems to make industrial automation systems.
HDFC Ltd will acquire Apollo Hospitals Group's entire 50.8% stake in Apollo Munich Health Insurance Ltd.
IPOs & Markets
IPO will also see three of its private equity and venture capital investors make a part exit from the company.
The Singapore-based investor is said to be in the process of setting up a platform that will buy operating toll and annuity road assets in India.
As part of its strategy, First Solar has developed and sold solar assets in other markets as well.
Bahrain-based Investcorp last year acquired the PE and realty funds units of IDFC Alternatives.
The stake sales are being planned to bring down the promoter shareholding in the company to 75% to meet norms of SEBI.
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