India Digest: Penguin buys Hindi publisher; PNB sells ICRA stake; Hashtag fundraise

India Digest: Penguin buys Hindi publisher; PNB sells ICRA stake; Hashtag fundraise

Photo: Reuters

Customer relationship management startup Hashtag Loyalty has raised seed funding from New York-and Delhi-based seed stage-focused investor Ahimsa Capital. In the M&A space, the Indian subsidiary of US-headquartered publisher Penguin Random House has acquired Hind Pocket Books while Punjab National Bank has sold its entire 3.33 per cent stake in rating agency ICRA for about Rs 109 crore.

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