FWD completes acquisition of HSBC’s Malaysian insurance unit, names new CEO

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Owned by tycoon Richard Li, FWD is now the largest shareholder in the joint venture and intends to rename the business to FWD Takaful Bhd.

India Dealbook: Netmeds, Amber Enterprises, Nykaa in M&A news

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Netmeds said it is acquiring health-tech startup KiViHealth and will invest about $10 million to integrate and grow the latter’s business. 

Asian Development Bank to invest $50m in India’s Avaada Energy

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The investment in Avaada will enable it to expand its renewable energy capacity.

India: Xander exits Multiples-backed PVR, earns 14x on investment

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Xander had acquired a minority stake in PVR a decade ago at an average price of Rs 114 per share.

EverSource Capital to invest $1b in India’s renewable energy sector

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EverSource Capital is the JV between Everstone Capital and global solar project developer Lightsource BP. It will invest through its Green Growth Equity Fund.

Uber said to finalise $3.1b deal to buy Middle East rival Careem

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The US ride-hailing giant will pay $1.4 billion in cash and $1.7 billion in convertible notes for Careem.

India: GVK hikes its stake in MIAL to 74% in bid to block rivals

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GVK’s plans to divest its own stake in MIAL to raise funds could run into trouble in view of the latest developments.

Abu Dhabi partners Microsoft, SoftBank to start tech hub

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The plan is to invest in 100 companies over the next three to five years.

Alibaba buys Israeli AR startup it invested in three years ago

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The acquisition comes during a time of heightened scrutiny over the role of Chinese investment in Israel.

India: NSE arm acquires venture-backed cybersecurity firm Aujas

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Aujas has raised $11 million since 2008 from Chiratae Ventures, IvyCap Ventures and Rajasthan Venture Capital fund.