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


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.