By Pramugdha Mamgain
Infibeam has invested Rs 6 crore in exchange for 14,400 equity shares in IGPL.
Private equity fund Asia Climate Partners is expected to partially exit ColdEX in the IPO.
The pre-IPO shares represented a 4-5% stake in the company. The shares were issued at ₹533 per share and were bought back at the same price.
Unilever’s share of the total deal price is 3.3 billion euros ($3.75 billion), payable using cash, and shares in its subsidiary in India.
Amazon has been testing the waters with stakes in smaller offline companies, including Shoppers Stop Ltd and Aditya Birla Group’s food and grocery retail chain, More.
NIIT Tech’s listed parent, NIIT Ltd, owns 23.54 per cent of the total 30.61 per cent that is up for sale.
Edelweiss Asset Reconstruction Co is setting up a team for that and seeks to start purchases in 2019.
In November, Indiabulls had said that it was selling a stake in two Gurugram office projects, but had not disclosed the investor’s name.
The funding is likely to come in as a part of OYO’s ongoing $1-billion funding round
Investor frenzy for content startups is set to translate into companies in this space raising close to half-a-billion dollars over the next couple of months.