Fairfax Financial to sell 12.2% in Indian insurer ICICI Lombard


Fairfax’s stake will come down to about 22.1 per cent.

Exclusive: IFC to extend $60m in loan to India-based vaccine maker Biological E

IFC’s investment involves an “A” loan to co and subscribing to its NCDs.

India Dealbook: Genext, Happn, WhatsLoan & Box8 raise funds

Genext plans to use the money for increasing its team, strengthen its tech backbone and expand the services to new cities.

India: SBI said to pick BofA, Deutsche Bank to arrange its $2b offering

SBI is seeking capital to bolster loan growth after Q4 profit doubled

People Digest: Flipkart CEO takes charge of HR operations; PharmEasy gets new CTO

Flipkart CEO Kalyan Krishnamurthy will now also oversee the human resources department, while pharmacy aggregator PharmEasy has hired Nishu Goyal as its chief technology officer. Flipkart CEO takes charge of HR operations Recently-appointed CEO of Flipkart, Kalyan Krishnamurthy, will now also oversee the human resources department as the e-commerce giant scouts for a… Read more »

India: Solar firm Rays Power Experts in talks to raise $15.5m

Funding to help the company expand its solar rooftop and solar EPC businesses.

India: Real estate funds find flavour with investors in a slow realty market

To take advantage of high inventory levels and developers grappling with slow sales.

India Digest: Quikr eyes Babajob; Harvest Gold may sell majority stake; GMEX to buy MSE stake

Online classifieds startup Quikr is close to buying out Babajob, while Mexican company Grupo Bimbo is acquiring a controlling stake in Harvest Gold. Also London-based GMEX Group will acquire a 5 per cent stake in Metropolitan Stock Exchange of India (MSE). Quikr close to acquiring blue collar marketplace Babajob Continuing its acquisition spree, online classifieds… Read more »

India: ChrysCapital close to buying Mufti brand for over $70m

JM Financial was given the mandate to find a buyer for the business.

India: Kitara Capital hikes stake in four portfolio companies

The PE firm has purchased stake in MT Educare Ltd, Sagar Cements Ltd, FIEM Industries Ltd and Aegis Logistics Ltd, according to the data available on BSE.