The regional internet major raised $1.5 billion in an upsized ADS offering in the US, leading analysts tracking the stock to expect higher cash calls over the next year or so.
By Mars Woo
IFC has been invited to invest in the VND-denominated bonds issued by Vietnamese property developer Phu My Hung Development Corporation (PHM).
The company has until March 29 to demonstrate that it satisfies all quantitative and qualitative requirements for initial listing on Nasdaq Global Market.
Nearly 60% of aquaculture (farmed shrimps and fish) globally is farmed from the Asia Pacific. Over 80% of the world’s palm oil output is from two countries alone – Indonesia and Malaysia.
Blackstone will retain a majority, GIC will retain a minority stake and Enagas will own almost 25% of the holding company at closing.
A new agreement envisages a “new investor” injecting between ₹1,600 crore and ₹1,900 crore for a stake of around 20% in the airline and the Goyal group’s stake in Jet Airways falling to 17.1%.
Bundl Technologies Pvt. Ltd, which operates Swiggy, has added a clause that any Swiggy investor can’t hold a board seat in Uber or any of its entities.
The JV comes close on the heels of the Morgan Stanley fund picking up a majority stake in Pune-based warehouse and logistics park developer KSH Infra Ltd for around ₹350 crore.
AI-powered fresh food aggregation platform Aibono has raised $2.5 million in a pre-Series A round led by social impact investor Menterra Venture Advisors.