By Madhurima Nandy
Jointly the funds can invest or develop office assets worth over $1 billion in value.
Novascotia’s 64 employees will be absorbed by OYO in different roles.
Orchid Pharma is facing financial claims of Rs 3,500 crore.
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.
Alleging lack of transparency in the bidding process, UltraTech has challenged the sale to Dalmia Bharat at the National Company Law Tribunal (NCLT).
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.
The acquisition was the first made by the JV, which plans to invest up to $3 billion in ports, logistics and related sectors.
If completed, the deal may push the valuation of the homegrown startup to about $20 billion, up from about $12 billion last year.
Agritech startups Sabziwala and LivLush, both backed by Elevar Equity, have merged their businesses to form a new entity called Kamatan.
The deal had been terminated for want of necessary approvals.