By Swaraj Singh Dhanjal
Talks with CPPIB follow the delisting of Mytrah’s holding company from the London Alternative Investment Market (AIM) in May.
India Digest: CCI clears Adani-Ruchi, Teleperformance-Intelenet deals; Future Retail may get foreign investor
Adani Wilmar had emerged as the highest bidder for Ruchi Soya with an offer of about Rs 6,000 crore.
Bain is looking to buy the stake from South Africa’s Life Healthcare in a deal valued between $450-$540 million.
The changes would tighten restrictions on global giants like Amazon.com Inc. and Google and may bolster local startups such as digital payments provider Paytm.
The round also saw participation from MGV, Liquid 2 Ventures, Hack VC and existing investors Emergent Ventures and Y Combinator.
The investment will help the company meet capital expenditure for the next five years, grow operations, and achieve next stage of growth.
The IPO is a pure offer for sale that will see existing shareholders sell 17.24 million shares, with Rohatyn Group looking to sell over 13 million shares.
The latest capital infusion brings Amazon’s total investment in India to $4 billion in its five years of operations.
Existing investors Matrix Partners India, Stellaris Venture and angel investors also participated in the funding round.
The airline is also trying to monetise the frequent flyer programme it co-owns with partner Etihad Airways.