By Aakanksha Ahuja
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.
The acquisition of SPI, the largest cinema exhibitor in south India, will make PVR the seventh largest cinema exhibitor in the world.
All three bidders are expected to submit binding bids by 15 September, the deadline set by the investment bankers—JP Morgan and Lazard.
While AGTech owns 45% of the gaming platform, One97 Communications holds a 55% stake.
This is the largest buyout by a private equity firm in India’s environmental services sector. The acquisition will be done through a combination of primary and secondary investments from KKR’s Asian Fund III.
HealthQuad is also looking to close its final deal from the current fund by end of the month.
Glenmark’s orthopaedic and pain management business in India and Nepal will be transferred to a new entity to be incorporated by True North.
Redwood disposed of 2.40 crore shares, or an 8.27% stake in the bank, through open market transactions.
Gurugram-based incubator India Accelerator has raised an undisclosed amount in angel funding from InvestMind Solutions and Singapore-based HotStart Ventures.