Bhavik Nair

Private equity firm ADV Partners buys Tata DLT

Tata International and Sri Lanka-based Dutch Lanka Trailer Manufacturers (DLTM) are about to sell their 50-50 joint venture company Tata International DLT (Tata DLT) to Canyon Point Investment, a wholly-owned subsidiary of pr

Private equity firm ADV Partners buys Tata DLT (Website image) News

Mahindra Partners invests Rs 206.5 crore in NDCFS giving exit to Matrix Partners

As part of the transaction, the promoters have further invested Rs 20 crore. As a result, a total of Rs 226.50 crore has been invested by Mahindra Partners and the promoters of NDCFS in the transaction.

Mahindra Partners invests Rs 206.50 cr in NDCFS giving exit to Matrix Partners News

Jaslok Hospital to continue operations, no potential suitor yet

Mumbai-based Jaslok Hospital on Monday put all speculations to rest, regarding the takeover of its daily operations by potential suitors.

Industry News

JP Morgan invests in Global PayEx to improve payments in B2B space

Freepay is Global PayEx’s cloud-based platform and has been live for more than three years. The platform is fully automated and self-servicing, JP Morgan stated.

Industry News

Kinara Capital raises Rs 100 crore from private equity, impact investors

Kinara Capital, a non-banking finance company (NBFC) that lends to small businesses, has raised Rs 100 crore from private equity and impact investors including Gaja Capital, GAWA Capital, Michael & Susan Dell Foundation and P

Industry News

ESG platform ECube appoints Chandru Badrinarayanan as managing partner

Badrinarayanan, who was executive director and head of MSCI’s India business, spent more than six years developing its India business related to indexes, analytics and ESG. He was MSCI’s India country head till April 30 t

Industry News

Enterprise cloud platform Zenoti raises $50 million in Series C round

The funds raised will be used for investment into the firm’s sales and marketing segments as well as to build a war chest to potentially look at inorganic growth opportunities, said a source close to the deal.

Industry News

Geneva-based Ferminech to buy entire True North stake in VKL Seasoning

It was a global auction and three entities had been shortlisted towards the end,” the source said.

Industry News

Quikr buys Sequoia-backed online marketplace Zefo

Pranay Chulet, founder and CEO, Quikr said the acquisition of Zefo is in-line with the consumer acceptance of the Assured products and services on the firm’s platform.

Quikr, Sequoia, online marketplace Zefo, Zefo, Pranay Chulet, QuikrBazaar, QuikrEasy News

SBI receives approval to raise $2.5 billion via foreign currency bonds

It is not yet clear as to what time the bank will hit the market with its issue

SBI, US treasury yields, SPJIMR,  dollar bond market, US treasury yields News

Kurl-on acquires US-based bedding products maker Spring Air

Private equity-backed Kurl-on, a brand known for its mattresses, has acquired Spring Air, a US-based manufacturer of bedding products, specialising in orthopaedic beds, for an enterprise value (EV) of Rs 70 crore.

Kurl-on acquires US-based bedding products maker Spring Air News

PayU buys payment security firm Wibmo for $70 million

Wibmo is known for its hosted risk-based authentication and payment security services.

Industry News

Baring Private Equity to acquire 30% in NIIT Tech

The Thadani Family Trust, along with other entities/members of the family, and the Pawar Family Trust along with other entities/members of the family, will be selling an aggregate of 6.94% stake, NIIT Tech indicated in the fi

Industry News

Everstone to buy a majority stake in Sahyadri Hospital

The firm did not disclose the stake or the cost of the transaction but indicated that there would be a combination of primary and secondary capital outlay.

Industry News

LivGuard raises Rs220 crore from ChrysCapital, Ncubate Capital

ChrysCapital is an India-focused private equity firm with approximately $4 billion in assets under management across eight funds. Since its inception, the firm claims to have deployed approximately $3 billion in over 80 inves

Industry News

Samara Capital set to acquire 50% stake in Blue Heaven Cosmetics

Ethos Capital, HDSG & Associates and Jindagi Live Consulting were advisors to Blue Heaven Cosmetics.

Industry News

Grundfos will never sell something that is not strongly differentiated

Back in 2014, Grundfos’ profit had been declining for five years in a row and the short-term task was to get that back to a decent level.

Grundfos, Mads Nipper, Grundfos Holdings, Germany, china, India, pump manufacturer News

Zetwerk raises $9 million in Series A funding round

The firm works with mid-to-large original equipment manufacturer (OEM) companies from India and South-East Asia, who require procurement of custom products and machine parts which are not available off-the-shelf in the market

Zetwerk, B2B platform, custom manufacturing, Kae Capital, Sequoia Capital India Advisors News

Customers want to connect digitally: Surendra Rosha of HSBC India

Digital is the core of everything that we want to do within the bank. We were the first international bank to join UPI and launch it in November 2016.

Surendra Rosha , CEO, HSBC India News

L&T Infotech likely to finalise Mindtree stake acquisition this week from Cafe Coffee Day founder

Mindtree is a technology consulting and services company that began in 1999.

Industry News

L&T Info may offer Rs 975/share for Siddhartha Mindtree stake

He is believed to be actively looking to sell his stake and is in talks with several strategic and private equity players, according to the source.

l and t, larsen and tubro, industry news, Rostow Ravanan, chief executive Mindtree, L&T Infotech News

SBICap Ventures’ Neev Fund to invest $5 million in renewable energy firm Prespl

The company aggregates, processes, stores and supplies biomass (agri-residues) such as paddy straw, cotton stalk, soya husk, maize cob, mustard stalk, etc, to biomass-based power plants and process industries.

Industry News

Dentsu Aegis Network SEA acquires Singapore-based digital marketing agency Happy Marketer

Dentsu Aegis Network SEA on Thursday said that it has acquired 100% of Happy Marketer Group, a digital marketing agency headquartered in Singapore.

Dentsu Aegis Network SEA acquires Singapore-based Happy Marketer News

Stake sale: Promotors of Igarashi Motors may exit firm

The promoters have a combined stake of 75% and the market capitalisation of the company at the close of trade on Friday was Rs 1,502.78 crore.

Stake sale, Promotors of Igarashi Motors, Igarashi Motors, Apax Partners, AION Capital, Varroc Engineering News

RBI rate cut: Bonds rally but fears of oversupply persists

Bond market experts indicate that the market is still not convinced of the fiscal deficit front and is likely to remain in a wait-and-watch mode before entering into any significant buying

RBI rate cut, inflation forecast, consumer price index, HSBC Global Markets, fiscal deficit, bond market News

RBI relaxes rules for FPI investment in corporate bonds

In April 2018, the central bank had notified that no FPI shall have an exposure of more than 20% of its corporate bond portfolio to a single corporate, and in case an FPI has exposure in excess of 20%, it shall not make furth

RBI, rules for FPI investment, FPI investment, corporate bonds, Quantum Mutual Fund News

Morgan Stanley to invest Rs 400 crore in realty

The investment is likely to be done from the Morgan Stanley Real Estate Fund (MSREF).

Morgan Stanley, KSH Logistics, MSREF, KSH Distriparks, Morgan Stanley, KSH Infra News
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