By Swaraj Singh Dhanjal
Tata Opportunities Fund will make a complete exit from Varroc Engineering.
Samara Capital, Samena Capital from Middle-East, China Development Investment Bank, Albright Capital and Cartesian Capital Group from the US own 33% stake in Flemingo Travel.
Blackstone and local partner Embassy Group plan to file a prospectus for an IPO of the REIT as early as next month, a deal that may raise as much as $1 billion.
Through the RAK acquisition Kansai Nerolac intends to establish a competitive paint manufacturing business in Bangladesh.
IIFL said its board has approved raising fresh capital from HDFC Standard Life Insurance Co. Ltd, General Atlantic Singapore Fund Pte Ltd (GA) and Steadview Capital Mauritius Ltd, among others, for a 5.1% stake dilution.
Creador entity Latinia had invested about $16.7 million for a minority stake in Vectus in June 2014.
The series A round also saw participation by Ashish Gupta, co-founder of Helion Ventures.
Parameswaran’s appointment comes at a time when Uber is engaged in market share battles in the Asia Pacific region against local rivals such as Ola
The acquisition will help Danlaw with a manufacturing base for products designed in-house as well as help with backward integration.
The proposed India fund is seeking a 50-70 per cent contribution from international investors, and is likely to see the first close by Q1 2019.