India: Amber Enterprises to launch $94m IPO on January 17

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Amber serves customers such as Daikin Industries Ltd, Hitachi Ltd, LG Electronics Inc., Panasonic Corp., Voltas Ltd and Whirlpool Corp.

India allows foreign investors to own up to 49% of state-run carrier Air India

Substantial ownership and effective control of Air India must remain with an Indian national, the government said.


India: ReNew Power raises $352m debt through NCDs to prepay loans

The Gurgaon-based company plans to use the proceeds from the bond issuance for the prepayment of existing term loans.


India: Morgan Stanley PE picks minority stake in Sahajanand Medical

Sahajanand Medical Technologies (SMT), a maker of cardiac stents, has raised nearly $36 million (Rs 230 crore) in a funding round led by Morgan Stanley Private Equity Asia (MSPEA), it announced on Wednesday. Existing investor Samara Capital also participated in the round. As part of the current transaction, a fund… Read more »


India: Orb Energy raises $15m in equity, debt to expand operations

As part of this round, FMO provided $4m in equity while $10m in long-term debt has come from OPIC.


India Dealbook: IndianMoney, Kinsane, Bikxie raise funds; GolfLan buys Golf Centra

IndianMoney’s latest round also saw participation from existing investors including Hyderabad Angels.


Indian hospitality space sees PE deals jump three-fold to $119m in 2017

Hotel deals, including mergers and acquisitions, are likely to pick up further in 2018.


India: Newgen Technologies seeks to raise over $62.8m in IPO launching Jan 16

Newgen will utilize the proceeds from the IPO for furnishing its office premises in Noida, on the outskirts of New Delhi.


India: IFC proposes $50m investment in Mahindra Renewables’ solar PV plant

The solar park is being developed by Rewa Ultra Mega Solar Limited (RUMSL).


India Digest: IDFC-Capital First merger talks; Go Fashion, Wadhwa Group’s fundraise

IDFC recently called off a merger exclusive negotiations for a possible merger with Shriram Group.