By Sumeet Chatterjee
CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.
The move seeks to provide loss-making Gaylin with financial stability.
Easy Microfinance will use Delta Capital’s investment to accelerate the expansion of its branch network and loan portfolio.
The company plans to launch operations in UAE, followed by Saudi Arabia and Indonesia.
Te Pūia Tāpapa Fund is a way for New Zealand’s indegenious communities Iwi and Māori organisations to pool resources and access larger scale direct investment opportunities and over NZ$110 million has been indicatively committed to the Fund to date.
The latest development comes nearly two years after Yunfeng joined a bidding war to take the Chinese healthcare firm private in an all-cash proposal.
The latest financing follows a previously announced $200-million round raised in May 2017.
The funding brings Warburg Pincus’ total commitment in the country to over $1 billion.
Blackstone recorded an annualized internal rate of return of about 30% on its India PE investments since 2011, the highest among its markets worldwide.
Pe firm ChrysCapital bought a minority stake from Curatio promoter GK Ramani and Fulcrum Venture India for $20 million.