By Pramugdha Mamgain
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.
The potential deal with Kellogg is likely to value Haldiram’s at around $3 billion.
Nanoclean, which was incubated at IIT-Delhi, will use the funding proceeds to expand its B2C offline business.
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 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.
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.
In 2016, Hong Kong-based private equity player ADV Partners invested Rs 270 crore in Dr Agarwal’s HealthCare.
The family is seeking to sell its entire holding of 41 percent in Apollo Munich Health Insurance Co., for about $170 million.
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.
The acquisition will provide Hindalco access to high-growth sectors including automotive and transportation, and entry into aerospace and defense.