By Pramugdha Mamgain
HomeLane counts Accel Partners, Sequoia Capital, Baring PE, Aarin Capital, GrowthStory & RB Investments among its investors.
India Digest: HDFC backs HomeKraft; QuEST buys Engicom; What’s Up Life funding; Incofin, SIDBI exit Annapurna
HomeKraft will invest over $300 million for the development of affordable and mid-income housing across India.
The infusion will help the company expand operations and outlets further in Bengaluru.
Few real estate companies have tapped the public markets in the recent years to raise capital, though activity is likely to be higher this year.
In 2015, Blackstone repurchased Intelenet from the Serco Group for about £250 million, following which the business was rebranded as Intelenet Global Services.
Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million
The bank said the stake sale can happen through any manner, including offer for sale through the stock exchange mechanism.
While the government is said to be considering several proposals related to reviving the Air India disinvestment process, it will not allow complete foreign ownership of the airline,
This is Truecaller’s first ever acquisition in the India market. Both companies are backed by common investor Sequoia Capital.
The Danish brewer is interviewing potential arrangers for the share sale over the next few weeks.