Swaraj Singh Dhanjal

Fairfax seeks to trim further stake in ICICI Lombard

This is not the first time Fairfax, which set up ICICI Lombard General Insurance in 2001 along with ICICI Bank, is selling its stake in the company.


India: Roots Ventures to raise $42.8m for maiden fund

In early stage, the fund will invest in ticket sizes of ₹4-5 crore, while its growth stage investments will have a ticket size of around ₹10-30 crore.


The Souled Store raises $3m in fresh funding led by RP-SG Ventures

The company plans to use the capital to bolster its backend and for marketing needs.


Private equity major Actis planning to set up data centres in India

Actis is building the world’s largest non-governmental data centre outside Beijing and is eyeing similar opportunity in India after implementation of RBI norms on data localization.


India: PE exits hit peak in last three years, clocking 48% in deal value since 2003

Sales to strategic buyers comprised almost a third of private equity exits in India from 2015 to 2017, the period under consideration in the McKinsey report.


CDC Group plans to raise $100m by selling stake in Ayana Renewable Power

CDC is looking to bring in an equity partner for its renewables platform. It is said to be in talks to appoint a banker to run a process to help find a partner.


India: Axis Capital CEO Dharmesh Mehta bids for IDFC Securities

IDFC had invited bids from interested suitors for the sale of the securities business and today was the last day to submit bids.


Founder, PE investors raise $42m for new business under InCred platform

InCred focuses on four lending verticals: affordable housing, small and medium enterprises, education and consumer finance.


Ebix plans IPO for Indian business, starts talks with merchant bankers

Ebix entered India with the purchase of an 80% stake in ItzCash for Rs 800 crore from Essel Group and other shareholders in May 2017.


Aavishkaar to raise $31m from US-based Teachers Insurance

The funding from Teachers Insurance and Annuity Association will help Aavishkaar-Intellecap scale up its asset management and lending business.