By Saloni Shukla
The move by the lenders is part of an attempt to complete Essar Steel’s sale by the end of March.
Private equity firm Samara Capital is reportedly in talks to acquire IT services firm 3i Infotech at an enterprise value of $140-150 million.
GDS will use the proceeds from the investment to fund the expansion of its data centre capacity and for general corporate purposes.
IMG Worlds of Adventure, which cost about $1 billion to build, opened in 2016 and stretches across 1.5 million square feet.
Budget hotels firm OYO Hotels and Homes is said to have acquired co-working spaces provider Innov8 for around Rs 150-200 crore.
Silicon Valley-based SugarCRM is backed by Accel-KKR.
In December, Lufax raised $1.33 billion in its Series C funding round from a dozen investors. It is funding growth by raising external capital as its Hong Kong IPO is on hold due to changing regulation in online consumer lending – a core business.
In 2018, Tee Hai Chem reported total sales of approximately 110.8 million euros ($125.3 million).
India Infrastructure Trust, an InvIT set up by Brookfield as sponsor and 90% investor, will invest ₹13,000 crore to acquire the loss-making unit.
For Goldman Sachs, the suspension of new business with Mubadala comes at a bad time as Abu Dhabi is embarking on a privatization spree that raises the prospect of several big deals in the offering for investment banks.