PE major KKR appoints two new directors for India credit business

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Cidambi has worked extensively with corporate boards and senior management teams in Asia, Europe and the US, with deep experience in restructuring operations.

Warburg Pincus leads $74m funding round in Fusion Microfinance

This also marks Warburg Pincus’s first investment in the microfinance sector in India.


India Digest: PE firms eye Edelweiss’ unit; Inditrade, Bharti plan JVs

Edelweiss Global Wealth and Asset Management comprises wealth and asset management, asset reconstruction and credit funds.


Sequoia-backed Capital Float eyes $150m funding from existing, new investors

CapFloat Financial Services Pvt. Ltd, which owns Capital Float, has held talks with South Africa’s Naspers.


NCLT restrains former IL&FS officials from disposing of personal assets

NCLT directed Ravi Parthasarathy, A.K. Saha, Hari Sankaran, G. Ramachandran, R.C. Bawa, S. Rengarajan, Mukund Sapre, Pradeep Puri, and Vibhav Kapoor to disclose their assets in an affidavit.


India: SoftBank said to offer $1b more funding to Uber-rival Ola

Last October, Ola had raised $1.1 billion from SoftBank and Tencent, among others.


India: Blackstone in talks to acquire Adani’s BKC property for $270m

The private equity firm stepped in after Shapoorji Pallonji backed out from buying the 10-storey building in Mumbai’s latest financial district.


Infrastructure fund I Squared Capital to set up renewable energy platform

Global infrastructure fund I Squared Capital is creating a new renewable assets platform that will acquire and develop utility-scale projects.


India: How Hindustan Unilever clinched GSK Consumer Healthcare deal

An unrivalled all-stock offer is what it took Hindustan Unilever Ltd to stave off several suitors for GlaxoSmithKline Consumer Healthcare Ltd.


KKR promotes India real estate platform head Yesh Nadkarni to MD

London-based Indian origin director of KKR Credit, Varun Khanna, has also been made a managing director.