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India Digest: Jet Airways plans $400m stake sale; Blackstone may sell Pune assets to Xander

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The airline is also trying to monetise the frequent flyer programme it co-owns with partner Etihad Airways.

India Digest: Star US injects $75m in Hotstar; HappyEMI nabs $1m; TVS ups Ultraviolette stake

Hotstar, which competes with Amazon Prime and Netflix, raised the funding at a valuation of Rs 1,849 crore (around $270 million).


India: Cadila Healthcare to acquire 51% stake in Windlass for $22m

Objective of this investment is to expand pharma manufacturing footprint.


India: E-commerce firm Inthree raises $4m in Series A funding led by Ventureast

The round also saw participation from Orios Venture Partners and IAN Fund.


KKR plans to list its Indian businesses on local exchange: Report

The expected public offering of KKR’s Indian unit excludes private equity operations


India: Edelweiss arm to acquire two real estate funds from Milestone Capital

Both funds are Sebi registered Category II alternative investment funds with combined AUM of over Rs 150 crore.


India: Ola names Ben Legg as managing director of UK operations

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.


PVR acquires Chennai’s SPI Cinemas for $91m to widen reach

The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world.


Wipro, ITC, Cadila frontrunners to acquire Complan from Kraft Heinz

All three bidders are expected to submit binding bids by 15 September, the deadline set by the investment bankers—JP Morgan and Lazard.