The $125-million figure represents a less than 4x multiple of Wavecell's 2019 revenue.
Rest of Asia
The fund will be the first to be launched through a partnership between a Korean financial services firm and a foreign sovereign wealth fund.
Sinar Mas Group holds 8.5% stake in IBS through its listed subsidiary Dian Swastatika Sentosa.
VDS aims to have 26 million subscribers under the VDS ecosystem and 600,000 payment service points by 2025.
India may spin-off units of the world’s largest coal miner into separate listed companies.
The current funding will be used for day-to-day business operations.
The deal marks Ebix’s biggest acquisition to date in India.
The aim is to reduce the Apollo shares pledged by the family as collateral to lenders to 20% of their total holding in the company from about 78% now.
Japanese companies struck 434 foreign deals from January through June.
This marks one of the largest seed rounds in Southeast Asia.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in
rapidly evolving cape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more
Be a part of our growing community now.