Gandotra will be based out of Singapore, and will lead the platform through its next stage of growth.
Strides Pharma Global will hold 70 per cent of the issued capital of Fairmed.
Truebil has raised $1 million in fresh funding from Japanese venture capital firm Spiral Ventures.
The bank expects to get ₹1,000 crore for its 30% stake in the housing finance arm.
Large investments in the infrastructure sector have added momentum to PE/VC investment activity in India.
The stake sale is part of Indiabulls' efforts to achieve zero net debt in the current financial year.
Existing investors Matrix Partners, Stellaris Venture Partners and Kalaari Capital are also expected to join the round.
India's Xeon, launched in 2013, converts organic waste into energy.
The promoters are willing to amend the Article of Association, allowing new shareholders to get a board seat.
Swiggy is also in advanced stages of closing a $700-750-million round that will be led by existing investor Naspers.
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