India Digest: HDFC backs HomeKraft; QuEST buys Engicom; What’s Up Life funding; Incofin, SIDBI exit Annapurna

HDFC
Pedestrians walks past signage for Housing Development Finance Corp. (HDFC) outside the company's offices in Mumbai, India, on Monday, Feb. 17, 2014. Photographer: Vivek Prakash/BLOOMBERG

HDFC Capital Real Estate Fund has picked up a significant minority stake in Delhi NCR-based HomeKraft while Incofin Investment Management and SIDBI Venture Capital have decided to fully divest their 12.5 per cent holding in Annapurna Finance. In another deal, QuEST Global has signed a definitive agreement to acquire Engicom. In the startup space, What’s Up Life has raised funding from television host Rannvijay Singh Singha.

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