Swaraj Singh Dhanjal

India: Essel may sell part of financial services business to reduce debt

The group has already initiated talks to sell stakes in broadcaster Zee Entertainment Enterprises Ltd and road and solar power assets.

India: TPG Growth to invest $30m in Solara Active Pharma

This marks TPG Growth’s first investment in India’s growing life sciences sector and adds to its portfolio of domestic healthcare companies.

Bahrain’s Investcorp kicks off India debut with acquisition of IDFC Alternatives’ PE, realty units

The transaction marks Investcorp’s entry into India and is in line with its long-term strategy of expanding its footprint and client base globally.

Strides to exit Australia, announces acquisitions in North America

Strides Pharma Global has approved the sale of its entire business in Australia for $282 million.

Indian mortgage lender DHFL raises $193m from Oaktree Capital funds

DHFL intends to further reduce its real estate project finance exposure through such transactions in the future.

India’s Chalet Hotels to launch $230m IPO on 29 January

The company has priced its shares in the range of Rs275-280 per share.

Annapurna Finance to raise $25m from ADB, OIJIF

ADB has invested around $18.25 million in the company in this round.

Real estate PE Xander in talks to set up logistics platform in India

Xander invests primarily in companies in infrastructure, hospitality, entertainment, retail and real estate sectors. It manages equity capital in excess of $2 billion.

India: Srei Infrastructure secures board nod to list equipment finance business

The proposal to separate the two businesses and list the equipment financing business is expected to further infuse around ₹500 crore in the equipment finance business.

India: IDBI Bank gets board nod for stake sale in insurance JV

IDBI Federal Life Insurance Co. Ltd is a three-way joint venture between IDBI Bank, Federal Bank and Belgian insurer Ageas. IDBI holds 48% stake, while Federal Bank and Ageas own 26% each.