By Utpal Bhaskar
India’s renewable energy space has also seen consolidation in the backdrop of considerable overseas interest.
Playtika continues to diversify into casual games with its acquisition of leading “Solitaire with a Twist” game developer.
With the acquisition, Komparify aims to expand its presence in prepaid plans application space and broaden its mobile app capabilities.
Larsen & Toubro Infotech has acquired business process management solutions provider Ruletronics for an enterprise value of $7.48 million.
The deal, conducted through a share swap, is expected to be completed in the second quarter of this year.
It plans to purchase $750 million worth of outstanding dollar- and euro-denominated notes, and will pay with cash on hand.
In August 2016, Innovaccer had raised $15.6 million in a Series A round of funding led by Westbridge Capital.
This is SBI’s second attempt to sell its Essar Steel loan exposure after dropping the process in September last year.
The direct-to-consumer retailer of natural and organic snacks has secured funding from investors including RHL Ventures and Axiata Digital Innovation Fund.
Indoco Remedies has initiated discussions with private equity funds including TPG Capital Management and Temasek Holdings for the sale.