India: Kraft Heinz mulls sale of milk drink brand Complan for $1b

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Consumer acquisitions in India have more than doubled this year to $7.7 billion, up from $3.4 billion during the same period in 2017

India Digest: BigBasket eyes Kwik24 stake; Fotowatio to sell project

BigBasket had earlier launched a pilot e with Kwik24 to deploy smart vending machines in five apartment buildings in Bengaluru.


Piramal Capital offers $30m structured equity to Appaswamy Group for land deals

Developers in India are increasingly relying on non-banking financial companies (NBFCs) and private equity investors to fund their real estate projects.


Paytm buys Flipkart-backed Cube26, aims to boost customer experience

In December 2017, Paytm acquired Nearbuy and Little, two platforms that focus on local restaurants and commercial establishments. Paytm later merged both entities and made an undisclosed investment into the resultant entity.


India: Sesa Hair Oil in talks to raise up to $60m from True North

True North plans to acquire a large minority stake in the Sesa Hair Oil brand which will be held under a new entity.


India: Tynor Orthotics raises $21m from Lighthouse Funds, French Thuasne

Thuasne, with manufacturing units across 11 countries, including in the US, had initially invested in Tynor in 2010, picking up a minority stake.


AU Small Finance Bank gets shareholders’ nod to raise $147m from Temasek unit

This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012.


India Dealbook: MobiKwik backs Pivotchain; Cashify in pact with China’s AiHuiShou

Cashify has brought in China’s AiHuiShou as a strategic investor.


After failing to find buyer for flag carrier, govt plans Coal India share sale

PM Modi plans to raise about $12 billion in the current year from asset sales.


HDFC Bank mulls relying entirely on India for proposed $2.3b share sale

It will use the money to boost its capital buffers and support its growth plans for several years.