By Aditi Shah
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.
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 »
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 »
UltraTech, controlled by Kumar Mangalam Birla, is competing with a consortium led by Dalmia Bharat Ltd., which has been chosen as the highest bidder.
The TPG Capital-Manipal Health Enterprises combine and IHH Healthcare Bhd could acquire shares from the public and banks to wrest control of Fortis.
This is the first buyout in India planned by Phelan Energy that last year won contracts to build a 50MW unit in Rajasthan.
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.
Avail Finance has raised a total of $17.2m so far, including debt and credit lines from multiple NBFCs and other investors.
In 2015, Mypoolin raised $250,000 from Qualcomm Ventures, Accel Partners, Investopad and other prominent angel investors
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.