|
|
Technology investors IDG Ventures India and SAIF Partners have closed one of the biggest venture investments in a specialised online retailer, pumping $14 million (Rs 68 crore) into e-commerce firm BrainBees Solutions, which runs baby-care portal First Cry and the newly-launched GoodLife for beauty and wellness products. The funding, led by IDG, closed on Saturday and underscores the frenetic deal-making across the country’s ecommerce industry. It comes just a week after online fashion retailer Myntra announced a $21 million funding […]
Life Insurance Corporation of India (LIC) will pick up 5 per cent stake in Bank of Maharashtra through the lender’s preferential allotment of shares valued at around Rs 140 crore.
The board of directors of the bank has decided “to issue 2.53 crore equity shares as LIC of India may approve, on preferential allotment basis….,” Bank of Maharashtra said in a filing to the BSE.
At the prevailing share price of Bank of Maharashtra at Rs 56.05, the deal would […]
IT company Manthan Systems today said it has secured $15 million investment from the US-based Norwest Venture Partners and it will use the same for funding acquisitions and other business expansion plans. The company, a software solutions provider for retail and consumer packaged goods industries, had earlier raised $35 million from Fidelity, IDG Ventures and other sources. As a result of the funding, NVP India’s Executive Director Mohan Kumar India will be joining Manthan’s Board, Manthan Systems said in a […]
Real estate developer Assotech today said it will raise Rs 75 crore from private equity firm Sun-Apollo India Real Estate Fund by selling 49 per cent stake in a housing project in Gurgaon.
“We will divest 49 per cent stake in a project to Sun-Apollo to raise Rs 75 crore. This investment is only for a specific group housing project in Gurgaon,” Assotech Managing Director Sanjeev Srivastava told PTI.
The National Capital Region-based company is developing the project […]
Supreme Infrastructure India today said private equity fund 3i India Infrastructure has picked up a minority stake in its BOT road projects’ portfolio for $61 million (about Rs 310 crore). “We received offers from a number of investors but chose to partner with 3i given their track record in India and understanding of the infrastructure sector,” the Supreme Infrastructure (SIIL) Managing Director, Mr Vikram Sharma, said in a statement. The company has built over 400 km highways and currently sitting […]
Mind Shaper Technologies, a provider of educational content under the brand Classteacher Learning Systems, expects to tie up $40 million of private equity (PE) investment in the next three months. The company develops digital educational content for the so-called K-12 segment that encompasses school children studying in kindergarten to class 12. “We are in talks with private equity investors who will be picking up a minority stake in the company,” Sameer Buti, co-founder and director of Mind Shaper Technologies, said […]
IOT Infrastructure & Energy Services Ltd (IOT) announced on Monday that Rs 100 crore have been invested in the company by India Infrastructure Development Fund (IIDF), a private equity fund managed by UTI Capital. IOT is a joint venture between Indian Oil Corporation (IOC) and Oiltanking GmbH of Germany. The fresh investment will help IOT meet its capital requirements for various projects including the over 1.4 million kilolitre petroleum product facility at IOC Paradip refinery and the proposed 1.92 lakh […]
Ansal Properties and Infrastructure is likely to ink a `300 crore private equity (PE) deal soon.
It would most likely be a project-level deal for one of the properties in Greater Noida, said a source.
The company has 19 integrated townships in northern India with maximum saleable area in the residential segment.
The real estate developer has revised its pre-sales guidance for this fiscal by 4-5 million square feet (msf) to 21 msf on the back of robust traction […]
Personal care products maker Godrej Consumer Ltd had decided to sell a 4.9% stake to Baytree Investments, an arm of Singapore-based investment firm Temasek, to raise Rs 685 crore for acquisitions and reduce debts. Baytree will subscribe over 1.67 crore shares at Rs 410 a share on a preferential allotment basis, subject to the signing of a share subscription agreement and shareholders approval. “The fund will be used for further acquisitions as well as reduce debt in the company,” chairman […]
New Silk Route Partners, an Asia-focused private equity fund, said on Tuesday it picked a significant minority stake in educational support services provider Varsity Education Management Pvt Ltd for an undisclosed sum. The Hyderabad-based Varsity Education provides operational and support services to educational institutes across Karnataka, Andhra Pradesh, Maharashtra and Tamil Nadu states of India, the fund said in a statement. “Education is another great sector, if you are an investor and intending to capture India’s growing consumer story,” said […]
|
Post your messages.Please refrain from posting offensive messages. IndiaPE accepts no liability for the consequences of your reliance on these postings and messages.
|