UK private equity firm Actis seeks $500m for India real estate fund: report


This is the second Asia realty fund floated by Actis after it raised a $750-million fund to acquire realty portfolio of SCPE in August last year.

India Digest: Kellogg eyes stake in Haldiram’s; VKL Seasoning draws interest

The potential deal with Kellogg is likely to value Haldiram’s at around $3 billion.

India Dealbook: LetsVenture backs Nanoclean; Blume invests in Dunzo; Agnikul fundraise

Nanoclean, which was incubated at IIT-Delhi, will use the funding proceeds to expand its B2C offline business.

China’s DiDi invests $100m in Indian hotel chain OYO’s $1b round: Report

The investment made through DiDi-controlled entity Star Virtue Investment is part of Oyo’s recently-closed $1 billion round that valued the company at $5 billion.

Fortis wants to make parting of ways with Singh brothers official

Fortis has filed an application with the Securities and Exchange Board of India for de-promoterisation of Singh brothers as it has “severed” all links with them.

India likely to offer angel tax relief to startups, but may not be enough

The Central Board of Direct Taxes (CBDT) is expected to extend angel tax exemption to companies with paid-up capital and share premium of up to ₹25 crore.

Singapore’s Temasek invests $38m in Indian eyecare chain Dr. Agarwal’s

In 2016, Hong Kong-based private equity player ADV Partners invested Rs 270 crore in Dr Agarwal’s HealthCare.

India: Apollo Hospitals promoters seek to sell stake in insurance JV with Munich Re

The family is seeking to sell its entire holding of 41 percent in Apollo Munich Health Insurance Co., for about $170 million.

Guest post | Opportunity in Crisis: Building an Indian NBFC

The current challenges in the Indian NBFC sector offer an opportunity for a new entrant to acquire fairly priced assets, develop a thoughtful liability structure and compete with incumbents at scale.

Kumar Mangalam Birla’s Hindalco taps banks for Aleris Corp acquisition

The acquisition will provide Hindalco access to high-growth sectors including automotive and transportation, and entry into aerospace and defense.