India Digest: Castex to invite fresh bids; CCI clears Radiant-Max Healthcare merger

By
Posted

The CCI has cleared the proposed merger between private equity firm KKR-backed Radiant Life Care and Max Healthcare.

BofA said to have made its biggest distressed asset purchase in India

By

A group of investors led by the US bank have paid $479 million for soured loans of a beleaguered maker of cast iron pipes


Tencent weighs bid for part of Temasek’s stake in global retailer A.S. Watson

By

The Singapore state investment company is considering selling around 10% stake in A.S. Watson for about $3 billion.


GIC-backed Acuris acquires risk advisory firm Blackpeak Group

By

Post acquisition, Blackpeak will join Acuris’ compliance division.


Kalanick’s fund makes SE Asia debut, joins Kargo’s $7.6m Sequoia-led round

By

DEALSTREETASIA broke the story earlier today.


JXTG Nippon Oil defers JV with Vietnam’s Petrolimex

By

JXTG became a strategic investor in Petrolimex in 2016 when it acquired an 8 per cent stake in Vietnam’s largest fuel distributor.


Dentsu Aegis acquires Vietnamese agency Redder Advertising

By

Dentsu Aegis Network in February acquired Southeast Asian digital marketing company Happy Marketer Group


AnyMind Group closes $21.4m Series B, acquires Thailand’s Moindy Digital

By

Investors in the latest round include VGI Global Media, a Thai O2O solutions provider, and Tokyo Century Corporation.


Etihad offers to sell its entire stake in Indian carrier Jet Airways to lender

By

Etihad is learnt to have asked SBI to buy its 24% stake in Jet for about Rs 400 crore. It had bought the stake in 2013 for $379 million, or about Rs 2,060 crore.


India’s Mindtree rejects conglomerate L&T’s hostile takeover bid

By

L&T’s hostile bid to acquire a controlling stake in Mindtree is the first in India’s over $154 billion software services industry.