Rs 2,500 Crore expected to be raised via Bandhan Bank IPO

On January 2, Bandhan Bank, Kolkata-based private sector lender filed draft papers with SEBI for its Initial Public Offer (IPO) to raise an approximate guessed amount of over Rs 2,500 crore. The lender said, “Bandhan Bank Ltd has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for […]

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Godrej PE arm to buy new Vernon’s IT Park for Rs 400 crore

Godrej Fund Management, the private equity real estate arm of Godrej Group, is set to buy US-based private equity firm New Vernon Capital’s IT park at Thane for Rs 400 crore. “Both the parties have entered the last lap of the deal conclusion. Currently, the final leg of due diligence is going on and the […]

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AEON acquires online education start-up Acadgild

AEON Learning Pvt. Ltd, which owns education technology platform Avagmah, said it has bought Bengaluru-based education start-up Acadgild for $10 million in an all-stock deal. Acadgild focuses on online degrees and skill development programmes in big data, deep learning and UI/UX design web development, among others and had raised initial investment from venture capital firm […]

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Carlyle Group acquires Visionary RCM Infotech

According to a statement from Carlyle, an affiliate of US-based private equity fund Carlyle Asia Growth Partners, Carlyle Growth Investments IV has acquired a medical coding solutions provider, Visionary RCM Infotech (India) Pvt. Ltd. The investors led by Carlyle Group would be acquiring a majority controlling stake in VRCM through a combination of primary subscription […]

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Ola to acquire Foodpanda’s India business from Delivery Hero Group

On December 20, 2017, India’s most popular flexible platform entered into a partnership with Germany based Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace. This collaboration will help Foodpanda India grow as the most preferred online food delivery service in the country. The taxi aggregator has bought Foodpanda India […]

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Cyril, Khaitan help Mukesh Ambani to buy RCom assets

Ending all speculations on the RCom deal, Mukesh Ambani owned Reliance Jio has announced to acquire the assets of Reliance Communications which include the spectrum, mobile towers and optical fibre network. As per the statement issued by the Reliance Jio, “These assets are strategic in nature and are expected to contribute significantly to the large […]

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Rs 1.75 Cr raised by Param.ai in seed funding

Param.ai has raised INR 1.75 crores in Seed funding led by the US-based Institutional Fund Core Financials LLC and National Award Winner Actor Ashish Vidyarthi. “Automation and Artificial Intelligence (AI) are influencing and entering pretty much every walk of life, promising substantial productivity gains for the economy. Technology (and automation) is helping us elevate the […]

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Mswipe raises $10 million from DSG Consumer, B Capital

Mswipe Technologies Pvt. Ltd, which makes point of sale (PoS) machines for merchants, raised $10 million in funding from B Capital Group and DSG Consumer Partners, closing its Series D round, the company said. “At Mswipe, we are at the forefront of the payments revolution by powering acceptance infrastructure at the merchants’ end, enabling them […]

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Skymet secures series C funding from InsuResilience investment fund

Weather forecasting services provider Skymet Weather Services has closed a series C round of funding from the InsuResilience Investment Fund. The company didn’t disclose the amount of funding raised but said that InsuResilience Investment Fund has acquired 26.8% stake in the company along with partial secondary purchase of shares from existing investors, Omnivore and DMGT. […]

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Reliance Infra sells Mumbai power business to Adani for Rs 18,800 crore

Anil Ambani-led Reliance Infrastructure signed an agreement to sell its Mumbai power business to Adani Transmission for a total consideration of Rs 18,800 crore. Reliance Infrastructure (RInfra) announced the signing of a definitive binding agreement with Adani Transmission (ATL) for a 100 percent stake sale of its Mumbai power business, which includes integrated business of […]

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Warburg Pincus buys 20% Stake In Airtel DTH

Bharti Airtel, in an affiliate of private equity firm Warburg Pincus said it is buying a 20 percent stake in its DTH arm Bharti Telemedia for about $350 million (around Rs. 2,310 crore). Out of the 20 percent, Bharti Airtel will sell its 15 percent stake in direct-to-home arm and the balance will be sold […]

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30% stake to be acquired by Emami in Helios Lifestyle

Homegrown FMCG major Emami is set to acquire 30 percent stake in Helios Lifestyle, which owns male grooming brand ‘The Man Company’. The stake will be acquired by December 31, 2018 through infusion of required funds in Helios. “Rapidly growing male grooming portfolio supported by digital marketing & online sales is an emerging growth segment […]

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