By Tanvi Mehta
Tata has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later.
The deal, which will be the largest overseas purchase by a Japanese company, has already received unconditional clearance from regulators in the United States, Brazil and China.
Salim Group and Medco Group agreed to acquire 60% of Hyflux for S$400 million ($290 million), a move that gives it a lifeline for its struggling business.
Everise, owned by Sunrise BPO Services, PE firm Everstone Group and ACPI, recently acquired Malaysia-based AI startup Hyperlab.
The move could help the firm leverage its network of warehouses and drivers to bolster flagging profits.
The latest funding round, which was led by DHVC and Wu Capital, brings Cobo’s total funding to $20 million.
While RB Investments and Bessemer Venture Partners may sell out completely in the round, Accel Partners is looking to partially exit its shareholding.
The Indonesian ride-hailing giant is up against strong local habits and customs around transportation in Thailand, Go-Jek’s Vice President for International Expansion, Andrew Murphy, said.
Saigon Pho Palace currently operates a chain of restaurants that cater to wedding banquets and convention events and plans to build 35 more such restaurants by 2025.
The $200 million was the first close of a funding round in which it expects to raise over $500 million.