L&T on Monday increased its shareholding in Mindtree to 26.53 per cent.
The investment is a part of the startup’s $6.7 million Series A funding round.
The fundraising also includes reinvestments by Tikehau Capital’s founders, managers, among other investors.
The AI startup will use the money to launch products and move into new industry areas, like education.
Rest of Asia
An unprecedented wave of consolidation hits the region’s financial industry.
CNPC sees Myanmar as a prime market for fuel retailing, where demand is growing at about 10% y-o-y.
Deloitte India will invite EoIs for the exploration and production assets of Videocon Oil Ventures.
The acquisition, made through Bright Beyond, will be settled in cash.
The Trump administration on Thursday added Huawei Technologies Co Ltd to a trade blacklist.
The move will help the Swedish behemoth enhance its online retail operations in India.
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