By Deborshi Chaki
In a recent deal, India Resurgent Fund (IRF), a JV between Piramal Enterprises and Bain Capital Credit, invested Rs 800 crore in Archean Chemical Industries Ltd, buying out its lenders
This is SeaLink’s second deal from debut fund after NephroPlus Health in August 2016.
In 2015, the Hyderabad-based solar energy company had raised $2 million from clean tech fund, Infuse Ventures and others.
The PE firms are looking to acquire Tata Capital’s 33 per cent stake in Sai Life Sciences for around $130 million.
Nirlep will become a wholly owned subsidiary of Bajaj Electricals following the deal
Losses, which exclude net interest income, tax and notional losses on derivatives contracts, were well over three times revenue.
Cisco Systems Inc., which has acquired over 200 companies over the past three decades.
Former Housing.com CEO, Kothari was earlier the CEO and vice-chairman of US-based entertainment company Valiant Entertainment.
Indiamart could file its draft red herring prospectus as early as next month.
The company is expected to make the investment through a fund backed by Saudi Arabia’s government.