Cyient will receive $1.8 million after additional dividend distribution of $9.1 million.
In August Nirmal raised Rs570 crore of debt financing from L&T Finance Holdings Ltd and signed a joint development agreement with L&T Realty Ltd for a residential project.
The company set a price range on Wednesday of Rs1,125 to 1,175 a share for the sale of up to 33.6 million shares.
Mandala Capital has acquired close around 15 per cent stake in Keventer Agro, while 11 suitors have lined up to acquire stake in Jaiprakash Power. Also, Kerala government is planning a $78 million fundof-funds. Mandala Capital acquires around 15% stake in Keventer Agro Singapore-based Mandala Capital has acquired around 15… Read more »
Women-centric a customer-to-customer reseller network GlowRoad, has raised $2 million from Accel Partners, while motorbike rental marketplace Wheelstreet has received $120,000 funding from Y Combinator. GlowRoad raises $2m from Accel Partners Women-centric a customer-to-customer reseller network GlowRoad, has raised $2 million from Accel Partners in a series-A funding round, said a report… Read more »
Busting the myth that impact investing means lower returns, a recent report by McKinsey shows that impact investments in India have demonstrated an ability to employ capital sustainably while meeting the financial expectations for investors. This has resulted in impact investments in India topping $1 billion for the second year… Read more »
Matrimony.com IPO was subscribed 4.41 times on the final day of the sale.
The deal values Veeba Food Services at over $100 million (about Rs650 crore).
Edelweiss Group’s NBFC ECL Finance invested Rs258 crore (about $40m) through debt.
The deal also hands out a lifeline to Runnr which has struggled to raise funds in the recent past.