By Bhawna Gupta
Last year, IAN invested $1.4 million in Transcell Oncologics.
The start-up ecosystem can do for India what the IT services did for the country in the late 1990s.
The IPO will close on 26 September.
Zomato is currently in talks with Chinese payments firm Ant Financial to raise $100-200 million.
The sale of the combined assets, pegged at over $1.5 billion in enterprise value, is being negotiated with potential buyers.
All the IPOs will see the private equity backers of these companies sell part of their stakes.
The base price, a minimum realisation expected from the transaction, is set at Rs90 crore.
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 »
BlackRock, Kuwait Investment Authority, Russell Investment, Abu Dhabi Investment Authority and SBI Life Insurance participated in the anchor book allocation.
In April, Goldman sold a 3.7% stake in Max Financial.