Philippines-based EZAdvance acquires Indian fintech startup Alconomy

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EZAdvance intends to use Alconomy’s technology to provide digital banking services in the Philippines.

Paymaya IFC

MIDF, Al Rajhi secure Bank Negara Malaysia approval to initiate merger talks

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The merger talks must be completed in three months from the date of the letter issued by Malaysia’s central bank.


India Digest: Shibulal’s son floats fund; Rana Kapoor, Premji’s funds eye investments

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Shreyas Shibulal, the son of Infosys co-founder SD Shibulal, has floated a Rs 140-crore ($20-million) investment fund targeting clean-energy startups.


IFC mulls up to $10m debt package for Aqua Expeditions’ Indonesia expansion

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Cruise operator Aqua Expeditions is backed by US-based investment firm Bison Capital.


Xiaomi loses $6b in three-day rout as early investors sell stock

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Billions of Xiaomi shares have been unlocked for sale after the six-month lockup period that followed the company’s debut expired.


India: IL&FS draws interest from 30 suitors for road assets

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The group is undertaking a series of asset monetization programmes to pay off its ₹91,000 crore debt.


Essel Group in talks with KKR, AION Capital to raise $400m in structured credit deals

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Essel Group has been looking to deleverage by selling stakes in various group businesses, including Zee, Essel Propack and Essel Infraprojects.


India: Content startup Pratilipi in funding talks to raise $20m

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Pratilipi raised $4.3 million in a Series A round led by Omidyar Network in February last year.


Patrizia to expand Asia footprint with acquisition of Japan’s Kenzo Capital

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Kenzo is a platform to carry out investment advisory services and asset management in Japanese real estate.


India Digest: IndusInd still in fray for IL&FS assets; ADV Partners buys Gerdau Steel

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IL&FS has put its two units – IL&FS Securities Services Ltd and ISSL Settlement & Transaction Services – on the block.