By Julie Zhu
Lufax seeks to fund growth while its IPO is on hold due to changing regulation in consumer lending, a core business.
India Digest: HDFC backs HomeKraft; QuEST buys Engicom; What’s Up Life funding; Incofin, SIDBI exit AnnapurnaBy Pramugdha Mamgain
HomeKraft will invest over $300 million for the development of affordable and mid-income housing across India.
Last year, China said it will allow global banks to take controlling stakes in local securities ventures.
Thailand’s Nawaplastic has increased its stake in Binh Minh Plastic while Phuong Nam has pared its holding in cinema operator CGV.
The infusion will help the company expand operations and outlets further in Bengaluru.
In 2015, Blackstone repurchased Intelenet from the Serco Group for about £250 million, following which the business was rebranded as Intelenet Global Services.
Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million
While the government is said to be considering several proposals related to reviving the Air India disinvestment process, it will not allow complete foreign ownership of the airline,
WeWork Cos. is seeking to raise funds at a $35 billion valuation, a price tag that would place the co-working startup above companies like Airbnb and SpaceX.
Singapore’s sovereign wealth fund GIC and other infrastructure funds are said to be interested in Cellnex due to its high growth rate, resilient business model and pan-European presence.