By Pramugdha Mamgain
The airline is also trying to monetise the frequent flyer programme it co-owns with partner Etihad Airways.
Hotstar, which competes with Amazon Prime and Netflix, raised the funding at a valuation of Rs 1,849 crore (around $270 million).
Objective of this investment is to expand pharma manufacturing footprint.
The round also saw participation from Orios Venture Partners and IAN Fund.
The expected public offering of KKR’s Indian unit excludes private equity operations
Both funds are Sebi registered Category II alternative investment funds with combined AUM of over Rs 150 crore.
Legg will build the senior leadership team and drive operations to establish overall presence in the UK by the end of 2018.
India Digest: Bugworks raises $9m; Sequoia eyes Wakefit; Sminq to raise $8-10m; Amazon to support MSMEs
Wakefit is in advanced talks with three venture capital funds including Sequoia Capital to raise about $6 million.
The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world.
All three bidders are expected to submit binding bids by 15 September, the deadline set by the investment bankers—JP Morgan and Lazard.