By Pramugdha Mamgain
In May, the private equity firm had agreed to acquire a 26 per cent stake in FedFina.
The buyout firm has raised $433 million for its initial fund as it seeks to build investment links with countries along the old Silk Road to Europe.
The logistics platform already owns 19.9 per cent of Propertylink.
The discussions for launching the Asia infrastructure fund are on and the firm will reach out to investors.
The seller is Hong Kong- and Singapore-based private equity firm RRJ Capital.
Headquartered in Taiwan, Grobest produces functional feed products focused on preventing and combating diseases as well as increasing yields.
There are 220 PE and VC managers based in Singapore, with total AUM of S$190 billion ($137 billion).
The firm, which focuses on large-scale buyouts, control deals and structured minority investments, had raised a total of $6.1 billion for its first two Asia private equity funds.
The acquisition will require completion of a mandatory open offer to the minority shareholders of Gujarat-based SDCCL.
Anicut, which offers debt financing to small and medium enterprises, is already in talks with high net-worth individuals (HNIs).