India: Morgan Stanley PE Asia invests $24m in health foods brand Manna


The Chennai-based company had earlier raised Rs 30 crore from early growth investors led by Fulcrum in 2015.

IL&FS Transportation Networks sells $138.2m dim sum bond at 8%

The offshore yuan bond market lost momentum over the past few years.

India Digest: Sanofi’s Europe biz sale; Pepe Jeans to sell India unit; PE firms vie for Can Fin Homes stake

Sanofi operates its generics business arm under Zentiva, a Czech firm it purchased in 2008.

India: Balasore Alloys to acquire 70% of Zimbabwe Alloys for over $90m

ZAL posted turnover of $2.4 million in 2016, and $3.1 million in 2015 as per management accounts.

KKR-backed Emerald Media takes controlling stake in Indian animation studio Cosmos-Maya

The investment closely follows Emerald Media’s $65m funding in Bangkok startup aCommerce

Market liquidity has increased, will continue improving every year, says Lightbox’s Talwar

Mumbai-based VC firm Lightbox is looking to raise a new $100m fund in 2018.

Naspers said to plan $200m investment to increase stake in Swiggy

Naspers invested an initial $80 million in Swiggy, the largest food delivery business in India, in May last year.

India: InMobi buys mobile ad firm AerServ for $90m

The acquisition also expands InMobi’s presence in the US, the world’s biggest market for advertising.

India: Saas startup Moneytor raises funds from 500 Startups, others

Moneytor helps financial institutions better manage collections from loan defaulters

India: Bank of Baroda may sell Nainital Bank to bolster capital

Bank of Baroda holds 98.6% stake in the 96-year-old Nainital Bank, which had assets of about $1.2 billion as of March end