China’s Lufax targets up to $2b raise in fresh funding amid delayed listing

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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 Annapurna

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HomeKraft will invest over $300 million for the development of affordable and mid-income housing across India.


Citigroup says it’s open to maintaining minority stake in China JV

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Last year, China said it will allow global banks to take controlling stakes in local securities ventures.


Vietnam: Nawaplastic up stake to 53% in BMP; Phuong Nam cuts holding in CGV

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Thailand’s Nawaplastic has increased its stake in Binh Minh Plastic while Phuong Nam has pared its holding in cinema operator CGV.


India: Zomato invests $15m in Loyal Hospitality, shuts cloud kitchen operations

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The infusion will help the company expand operations and outlets further in Bengaluru.


France’s Teleperformance close to buying Blackstone-owned BPO Intelenet: Report

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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 exits JV with Turkish firm, sells entire 11.23% stake

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Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million


Government said to be open to listing Air India after failed disinvestment

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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,


SoftBank-backed WeWork raising funds at $35b valuation

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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.


Italy’s Benettons tap GIC among bidders for Cellnex holding vehicle

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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.