India Digest: L Catterton eyes Patanjali; Mirae Asset to enter PE; CDC fully exits Ujjivan


L Catterton is willing to invest as much as $500 million in the Indian company, which is close to half of their remaining funds in Asia.

India Digest: Adani plans housing finance co; Amtek Auto sale; WeWork India fund raise

Adani’s housing finance company will offer home loans through realty developers and will also lend directly to retail customers.

India: Insolvency case against Videocon Industries to delay Videocon-Dish TV merger

Direct-to-home (DTH) operator Dish TV India Ltd on Thursday pointed to the ongoing insolvency proceedings against Videocon group in the context of the delay in its planned merger with Videocon d2h. Dish TV and Videocon d2h had announced a merger in November 2016. Earlier, the company had said it expects… Read more »

India: Vatika Hotels buys out Goldman Sachs’ stake worth $47m

Goldman Sachs had invested Rs 300 crore in Vatika Hotels in the form of CCD, which later got translated into equity in 2015.

India: Tata Global Beverages may sell stake in Amalgamated Plantations

Tata Global Beverages is expecting an enterprise value of around Rs1,300 crore ($204m) for Amalgamated Plantations.

India: Shree Cement to buy 93% stake in UAE firm for $305m

This will be Shree Cement’s first venture outside India and its biggest acquisition ever.

India: Specialty tea brand Teamonk Global looking to raise $5m

The tea brand last raised half a million dollars from angel investors in 2016.

India’s Reliance Jio planning its own cryptocurrency JioCoin

With Mukesh Ambani’s elder son Akash Ambani leading the JioCoin project, Reliance Jio plans to build a 50-member team of young professionals to work on blockchain technology.

India Dealbook: NCR Corp sells part of ATM biz ; EPF backs 3 startups; SalesPro gets funding

Subsequent to the acquisition, EPS will be managing more than 11,000 ATMs in India on behalf of banks.

Jagatjit Industries raises $41m in structured credit from Indiabulls arm

The funds raised will retire the debt of US private equity giant KKR’s lending arm and UBI and provide much needed infusion to address the working capital needs.