India: Piramal Enterprises said to mull $1b contract pharma unit sale


In 2010, Piramal Enterprises sold its branded generic-medicine unit in India to Abbott Laboratories for $3.7 billion.

Amazon likely to acquire 7-8% stake in India’s Future Retail

The potential deal will be next in a series of acquisitions by Inc in one of the fastest-growing markets in the face of competition from Walmart Inc’s Flipkart.

India Dealbook: ALTEN, Kymco, DailyNinja, Abhibus, Worxogo, Virtual Metalstreet in news

US technology firm ALTEN Calsoft Labs has acquired Bengaluru-based Si2Chip, a specialised chip design company.

Over 40 Indian firms put IPO plans on hold amid market churn

Last year, the IPO market witnessed an all-time record fundraising of ₹67,147.4 crore with 36 companies hitting the market, according to Prime Database data.

Motilal Oswal PE to invest $27m in auto parts maker Happy Forgings

Motilal Oswal is investing in the company through its third and latest private equity fund, India Business Excellence Fund. This is the first private equity investment in Happy Forgings.

India: myGate raises $8.8m Series A round led by Prime Ventures

Earlier this year, Prime Ventures Partners had also led the Bengaluru-based company’s first round of investment of $2 million.

India Digest: Dr. Reddy’s sells API unit; Spoonshot buys Brisky; Oyo’s UAE foray

Dr. Reddy’s intends to streamline manufacturing operations and reduce costs through this sale.

Saudi-based ICD halts plan for $1b infrastructure fund with IL&FS’ PE arm

In January, ICD signed a shareholder agreement with the PE arm of IL&FS to launch an Africa-focused infrastructure fund with $105 million in seed capital.

IIFL’s PE arm invests $13.5m KadaiEshwar Housing Finance

IIFL has reportedly acquired 75% stake in the company.

India Digest: Kurl-on, Nazara Tech eye acquisitions; Amazon bids $400m for Spencer’s Retail stake

Amazon is reportedly eyeing a 30 per cent stake in Spencer’s Retail but talks have been held up due to differences over valuation.