Exclusive: Hyderabad-based Transcell Biologics in talks to raise up to $9m


Last year, IAN invested $1.4 million in Transcell Oncologics.

Startups can do for India what IT did in late 90s: Wipro’s Rishad Premji

The start-up ecosystem can do for India what the IT services did for the country in the late 1990s.

India: Prataap Snacks to launch $75m IPO on September 22

The IPO will close on 26 September.

Nomura values India’s Zomato at $1.4b

Zomato is currently in talks with Chinese payments firm Ant Financial to raise $100-200 million.

India: Idea, Vodafone mobile tower assets draw interest from ATC, Brookfield, IDFC Alternatives

The sale of the combined assets, pegged at over $1.5 billion in enterprise value, is being negotiated with potential buyers.

India: Godrej Agrovet, Mahindra Logistics, IEX line up IPOs in Oct

All the IPOs will see the private equity backers of these companies sell part of their stakes.

India: Canara Bank seeks bids for 70% stake sale in factoring service arm

The base price, a minimum realisation expected from the transaction, is set at Rs90 crore. 

India Digest: Tata Tele shutdown; Bharati Defence sale; Asahi India stake sale

While Tata Group is considering winding down its telecom business, German Dry Docks Group is looking at a possible acquisition of Bharati Defence. Also, Japan’s Asahi Glass is planning to buy out Indian joint venture partner. Tata Group mulls winding down mobile services biz After failing to attract buyers, Tata Group chairman… Read more »

ICICI Lombard allots shares worth $253m to anchor investors ahead of IPO

BlackRock, Kuwait Investment Authority, Russell Investment, Abu Dhabi Investment Authority and SBI Life Insurance participated in the anchor book allocation.

India: Goldman units to sell up to $110m stake in Max Financial

In April, Goldman sold a 3.7% stake in Max Financial.