India Dealbook: TVS Capital hikes stake in IEX to 4%; Budget hotel chain Qik Stay raises $250k from ID Enablers

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TVS Capital has hiked its holding in Indian Energy Exchange (IEX) and affordable budget hotel chain Qik Stay has raised funding from ID Enablers. TVS Capital hikes stake in Indian Energy Exchange to 4% PE firm TVS Capital has hiked its stake in Indian Energy Exchange (IEX) to 4 per cent by… Read more »

ReNew Power raises $295m from Abu Dhabi Investment Authority, Goldman Sachs

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Indian renewable energy producer ReNew Power Ventures Pvt. Ltd. has raised new equity funding of $265 million from new and existing investors, the company said Tuesday. The lead investor in this round is a subsidiary of the Abu Dhabi Investment Authority (ADIA), with a commitment of $200 million for a minority stake… Read more »


India: Simpli5d Technologies raises bridge round from Dheeraj Jain, YourNest Angel & Udaan Angel

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Gurgaon-based Simpli5d Technologies Pvt. Ltd, which operates digital products start-up NLPCaptcha.com, has raised an undisclosed amount in a bridge round from Dheeraj Jain, a partner at UK-based hedge fund Redcliffe Capital, and existing investors YourNest Angel Fund and Udaan Angel Partners, a senior executive of the company said. The firm… Read more »


Thai KBANK takes over Shanghai’s Starbright Finance for $22m

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The Board of Directors of Thailand-based Kasikornbank PCL (KBANK) has approved the acquisition of Shanghai-based Starbright Finance Co Ltd for a total investment not exceeding $22 million, after it has got the nod of China Banking Regulatory Commission. This acquisition will support its (KBANK) expansion in China, according to its filing to the Stock… Read more »


Myanmar dealbook: Banks upgrade tech, offer new services; Indian business delegation eyes alliances

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Banks in Myanmar are looking at ways to upgrade network and offer new services to its customers. The frontier country continues to see interest from Asian companies eyeing opportunities in the untapped market. Banks in Myanmar incorporate new services Private Banks in Myanmar are integrating a variety of services to… Read more »


Thai regulators warn Superblock shareholders about $407m solar investment plans

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Thailand‘s securities regulator and stock exchange has warned the shareholders of solar power firm Superblock Pcl on Tuesday to scrutinise its planned $407-million investment in a solar power project after an independent financial adviser criticized the deal. Such a warning from the regulators is relatively rare in Thailand, and while… Read more »


India: Crompton Greaves to sell Canadian power systems biz to PTI Holdings for $15.15m

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Avantha Group company Crompton Greaves Ltd, which has been looking to sell its various assets, has agreed to sell its power systems business in Canada to PTI Holdings Corp. for about C$20 million (Canadian dollars) or $15.15 million “As per the agreement, the structure of the deal and its commercial… Read more »


PH Dealbook: RCBC bond issue fetches $320m; Jollibee seals $99.5m deal with Smashburger

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Rizal Commercial Banking Corp (RCBC) raised $320 million from a bond offering, while fast-food giant Jollibee Foods Corp has acquired its 40 per cent stake in US-based restaurant brand Smashburger Master LLC, investing in $99.5.


Third Point buys 5% in Japan’s 7-eleven stores operator Seven & I

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Third Point has bought a stake in retailer Seven & I Holdings, sources with knowledge of the matter said on Tuesday, the latest investment in Japan for the US hedge fund run by billionaire investor Daniel Loeb. Shares of the 7-Eleven convenience store operator rose more than 4 percent in early… Read more »


Better World Green, IEAT JV to invest 84.5m for building Thailand’s first waste-to-energy industrial estates

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Thailand’s industrial waste management company Better World Green PCL (BWG) has signed a memorandum of understanding with the Industrial Estate Authority of Thailand (IEAT) to set up three industrial estates for waste-to-energy plants at a total investment of 3 billion baht ($84.5 million). The projects are initiated to promote renewable energy… Read more »