By Swaraj Singh Dhanjal
Amber serves customers such as Daikin Industries Ltd, Hitachi Ltd, LG Electronics Inc., Panasonic Corp., Voltas Ltd and Whirlpool Corp.
Substantial ownership and effective control of Air India must remain with an Indian national, the government said.
The Gurgaon-based company plans to use the proceeds from the bond issuance for the prepayment of existing term loans.
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 »
As part of this round, FMO provided $4m in equity while $10m in long-term debt has come from OPIC.
IndianMoney’s latest round also saw participation from existing investors including Hyderabad Angels.
Hotel deals, including mergers and acquisitions, are likely to pick up further in 2018.
Newgen will utilize the proceeds from the IPO for furnishing its office premises in Noida, on the outskirts of New Delhi.
The solar park is being developed by Rewa Ultra Mega Solar Limited (RUMSL).
IDFC recently called off a merger exclusive negotiations for a possible merger with Shriram Group.