India: HDFC Standard Life shares rise 7% on stock market debut


HDFC Standard Life shares opened 7.24% higher on the BSE at Rs311 apiece compared to the issue price of Rs290, which was the upper end of the price band of Rs275-290 per share.

India: SSG Capital acquires 34.42% stake in Cox & Kings UK arm

Through the deal, Rohatyn has completely exited from Prometheon Holdings

India: Lenders to bring strategic investor in Sterling Port to attempt loan recovery

The lenders have invited expressions of interest (EoI) for the port.

India: IL&FS joins hands with Ecamion to explore energy storage business

IL&FS want to explore entering the energy storage business, with an eye on the electric vehicle opportunity.

India Dealbook: PVR picks up stake in US-based iPic; Eurofins acquires Spectro Analytical

PVR has picked up stake in US-based threatre company iPic, while bio-analytical testing firm Eurofins has acquired Noida-based Spectro Analytical. PVR picks up stake in US-based iPic The country’s largest cinema operator PVR Ltd, has acquire stake in US-based luxury restaurant and theatre company iPic Gold Class Entertainment LLC (iPic). While the financial… Read more »

India: Piramal Finance invests $58m in affordable housing firm Mahaveer

A small part of it will be used to give an exit to Motilal Oswal Real Estate Fund, which had invested around Rs22 crore at an early stage of a project.

Greenko, ReNew eye SkyPower’s India solar power projects

These talks come against the backdrop of increased consolidation in India’s clean energy space

India: Virtuous Retail gets $175m funding from Dutch pension fund APG

APG and Xander Group had set up Virtuous Retail in November 2016

Creador to launch new fund of up to $600m by 2018

The proposed vehicle would be the PE firm’s fourth fund.

Morgan Stanley, JP Morgan put Indian realty investments on hold: Report

This comes at a time when global PE giants are bulking up presence in the sector