India Digest: Genesis, Manjushree, Ruchi Soya sale; Ratan Tata backs N-E Small Finance Bank


Last year, L Catterton Asia had sold its around 40 per cent stake in Genesis Luxury to Reliance Retail.

Uber says there will be no let-up in India investments

India is now the its most important market outside the US after it sold its businesses in China and South-east Asia to local start-ups Didi Chuxing and Grab, respectively.

JSW Energy, Adani  submit EoIs for bankrupt Monnet Power

This is the second time that JSW Energy has expressed interest in Monnet Power.

India: Distressed asset funds eye buyout deals ahead of bankruptcy process

In a recent deal, India Resurgent Fund (IRF), a JV between Piramal Enterprises and Bain Capital Credit, invested Rs 800 crore in Archean Chemical Industries Ltd, buying out its lenders

India: SeaLink Capital buys OrbiMed stake in Surya Children’s Medicare, injects $30m

This is SeaLink’s second deal from debut fund after NephroPlus Health in August 2016.

India: TPG’s Growth’s The Rise Fund invests $70m in solar power co Fourth Partner Energy

In 2015, the Hyderabad-based solar energy company had raised $2 million from clean tech fund, Infuse Ventures and others.

India Digest: PE majors eye Sai Life stake; Blackstone, Embassy target $1b REIT listing

The PE firms are looking to acquire Tata Capital’s 33 per cent stake in Sai Life Sciences for around $130 million.

India: Bajaj Electricals to acquire cookware brand Nirlep Appliances for $6m

Nirlep will become a wholly owned subsidiary of Bajaj Electricals following the deal

Can Ola, Uber merger help the Indian firm cut mounting losses?

Losses, which exclude net interest income, tax and notional losses on derivatives contracts, were well over three times revenue.

Cisco aims to invest $200m on startups globally, including India, in 2018

Cisco Systems Inc., which has acquired over 200 companies over the past three decades.