By Deepti Govind
The Four Seasons divestment is a part of its strategy to monetise non-core assets, liquor major USL said.
The acquisitions are targeted at positioning EbixCash, the Indian arm of Ebix, as the largest financial exchange in the country.
IOOF said its $705 million deal to buy part of ANZ’s pension unit would now take place after it had formally split its pension assets.
The investment follows US-based insurance company Aflac’s $20-million investment in the Singapore-based insurtech startup.
Navitas late last year rejected an indicative offer from founder Rob Jones and PE company BGH, saying the bid undervalued it.
IAG, which holds 26% in the general insurer, has started preliminary talks to hire an investment bank to manage the sale process.
The latest funding takes the total amount of equity capital raised by the Indian NBFC to $700 million since its inception in 2008.
SoftBank CEO Masayoshi Son announced in March last year a plan to invest in creating the world’s biggest solar power project in Saudi Arabia.
The plan could see Etihad Airways raise its stake from the current 24%, and Jet Airways’s promoter and founder Naresh Goyal cede control of the airline.
Chinese private equity firm Boyu Capital has led a 1.8 billion yuan ($266.15 million) Series D round for Shanghai Yimi Dida Supply Chain Management.