Air India

Singapore Airlines says maintains open mind on bidding for Air India stake


India cleared a proposal in January to allow foreign investors to own up to 49 percent of Air India, opening the way for global airlines to bid.

India Dealbook: HT Media backs Sagoon; Healofy raises $1m; Purple Quarter gets angel funding

While HT Media is investing $5 million in social commerce platform Sagoon, parenting platform Healofy has raised $1 million from Omidyar Network. Also, recruitment startup Purple Quarter has got angel funding. HT Media to invest $5m in social commerce platform Sagoon HT Media Ltd, through its Singapore-based subsidiary HT Overseas… Read more »

India Digest: Kalaari in talks to sell stake in Snapdeal; Delos Capital acquires Sage Metals

While venture capital firm Kalaari Capital is in talks to sell its stake in Snapdeal, US-based private equity firm Delos Capital has acquired Sage Metals. Kalaari in talks to sell stake in Snapdeal Kalaari Capital, one of the early backers of once-prolific e-commerce firm Snapdeal, is in talks to sell its… Read more »

India: UltraTech increases Binani Cement bid to $1.06b

UltraTech, controlled by Kumar Mangalam Birla, is competing with a consortium led by Dalmia Bharat Ltd., which has been chosen as the highest bidder.

India: Fortis Healthcare suitors look to buy shares from public, banks

The TPG Capital-Manipal Health Enterprises combine and IHH Healthcare Bhd could acquire shares from the public and banks to wrest control of Fortis.

South Africa’s Phelan Energy in talks to acquire solar power projects in India

This is the first buyout in India planned by Phelan Energy that last year won contracts to build a 50MW unit in Rajasthan.

Wipro to sell hosted data centre biz to Ensono Holdings for $405m

Wipro and Ensono have also signed a long-term partnership agreement to jointly address the hybrid IT requirements of Wipro’s new and existing enterprise customers. As part of the agreement, Wipro will make a $550-million strategic investment in Ensono’s combined entity.

India: Online lending startup Avail Finance raises funds from Matrix Partners, others

Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.

India Dealbook: Wibmo acquires Mypoolin; Head Infotech picks up majority stake in FanFight

In 2015, Mypoolin raised $250,000 from Qualcomm Ventures, Accel Partners, Investopad and other prominent angel investors

Bain-backed Dalmia bid said to win lenders’ backing for Binani

The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was run.