India: Godrej arm raising $600m for office development, investment funds


Jointly the funds can invest or develop office assets worth over $1 billion in value.

India Digest: OYO buys Novascotia; RRL picks 16% in KaiOS; Zee drops 9X Media deal

Novascotia’s 64 employees will be absorbed by OYO in different roles. 

India Digest: Orchid gets final bids; IOC, BPCL eye Gail stake; ABG rejects Liberty offer

Orchid Pharma is facing financial claims of Rs 3,500 crore.

France’s Engie may sell stake in India solar operations

French energy firm Engie SA, one of the largest foreign investors in India’s solar space, is reportedly planning to sell a stake in its Solairedirect unit.

India: UltraTech challenges Binani Cement sale to Bain-backed Dalmia group

Alleging lack of transparency in the bidding process, UltraTech has challenged the sale to Dalmia Bharat at the National Company Law Tribunal (NCLT).

India: Aavas Financiers in talks with investment banks to go public

The proposed IPO will be a mix of primary and secondary share sale, with both Kedaara and Partners Group expected to sell part of their stakes.

DP World JV buys 90% stake in Indian logistics firm Continental Warehouse

The acquisition was the first made by the JV, which plans to invest up to $3 billion in ports, logistics and related sectors.

Walmart said to be nearing $7b deal with Flipkart in India

If completed, the deal may push the valuation of the homegrown startup to about $20 billion, up from about $12 billion last year.

India Dealbook: Elevar-backed companies merge; Wipro, Babilou in M&A deals

Agritech startups Sabziwala and LivLush, both backed by Elevar Equity, have merged their businesses to form a new entity called Kamatan.

India: Edelweiss calls off deal to buy Religare Enterprises’ securities biz

The deal had been terminated for want of necessary approvals.