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M&A

Bharti Airtel to sell telecom towers in Congo to Helios

May 05, 2016 | Anuradha Verma

Bharti Airtel Ltd has agreed to sell its telecom towers in Democratic Republic of Congo to Africa-focused private equity firm Helios Towers Africa for an undisclosed amount, as India’s largest telecom operator continues to divest some assets to cut its $12.6 billion debt pile.

Snapdeal acquires e-com data analytics startup Targeting Mantra

May 05, 2016 | Binu Paul

E-commerce marketplace Snapdeal said on Thursday it has acquired Insightful Labs Inc., which operates data analytics provider Targeting Mantra, for an undisclosed amount as part of efforts to improve personalised shopping experience for customers.

SHARE Microfin, Asmitha Microfin to swap certain businesses

May 05, 2016 | Anuradha Verma

Hyderabad-based micro finance institutions SHARE Microfin Ltd and Asmitha Microfin Ltd have decided to swap certain businesses and sought approval from Competition Commission of India (CCI) for the same, as per a disclosure.

Exclusive: Religare divesting rest of $20 bn global asset management business

May 04, 2016 | Swet Sarika

Financial services firm Religare Enterprises Ltd, which struck deals to divest two US fund management units last month, is now close to selling the remaining pieces under its global asset management business straddling both offshore and onshore alternative investment practice.

Indiabulls Real Estate hikes stake in Singapore business trust to 51.18%

May 04, 2016 | Anuradha Verma

Mumbai-based public-listed realtor Indiabulls Real Estate Ltd (IBREL) has increased its stake in Singapore-listed business trust Indiabulls Properties Investment Trust (IPIT) to 51.18%, according to a stock market disclosure.

JSW Energy to buy Jindal Steel's power plant for $975M

May 04, 2016 | TEAM VCC

Sajjan Jindal-led JSW Energy Ltd has agreed to acquire a 1,000-megawatt thermal power plant in Chhattisgarh from Jindal Steel & Power Ltd, controlled by his brother Naveen Jindal, for up to Rs 6,500 crore ($975 million) including debt, the two companies said on Wednesday. 

Exclusive: Barbeque Nation may buy into Johnny Rockets’ Indian franchisee

May 03, 2016 | Debjyoti Roy & Swet Sarika

Barbeque Nation Hospitality Ltd, operator of the eponymous casual dining restaurants, is in advanced talks to invest in the Indian franchisee of US burger chain Johnny Rockets, multiple people familiar with the development told VCCircle.

CarDekho parent acquires virtual reality startup Volob

May 03, 2016 | Disha Sharma

Jaipur-based Girnar Software Pvt Ltd, which owns auto portals CarDekho.com, BikeDekho.com and Gaadi.com, has acquired virtual reality (VR) startup Volob Technologies Pvt. Ltd.

Nisus Finance backs Shriram Land project

May 02, 2016 | TEAM VCC

Alternative asset management company Nisus Finance Services Co. Pvt. Ltd said on Monday it has invested Rs 30 crore ($4.5 million) in an ongoing residential project of Bengaluru-based developer Shriram Land Development.

On-demand chauffeur provider DriveU acquires CallAtHome to ride into Gurgaon

May 02, 2016 | Vijayakumar Pitchiah

Bangalore-based DriveU, a startup that connects chauffeurs with private car owners over a mobile marketplace, has acquired Gurgaon-based on-demand driver provider CallAtHome.

Blackstone-backed NCC to sell more stake in power project to Sembcorp

April 30, 2016 | TEAM VCC

NCC Ltd has signed a pact to sell some more stake in Sembcorp Gayatri Power Ltd (SGPL) to Singapore's Sembcorp Utilities Pte Ltd for Rs 301.26 crore (about $45.4 million) in the second tranche of a transaction agreed last month.

Indegene acquires Skura's life sciences business

April 29, 2016 | Joseph Rai

Indegene Lifesystems Pvt Ltd, a Bangalore-based healthcare solutions provider, has acquired the life sciences business of Canada's Skura Corporation for an undisclosed amount, just five months after it bought a US-based health analytics platform, it said in a statement.

QSR chain Hello Curry acquires Hyderabad-based The First Meal

April 29, 2016 | Priya Prasad

Quick service restaurant chain Hello Curry Pvt. Ltd has acquired Hyderabad-based The First Meal, an online breakfast and health foods subscription platform, in a cash-and-stock deal.

Exclusive: Anil Ambani’s proposed housing complex in Mumbai up for sale

April 28, 2016 | Swet Sarika

Anil Ambani-led Reliance Group has initiated a process to sell an under-construction residential complex in Bandra’s Pali Hill area in Mumbai that was to house senior executives of the company, multiple people familiar with the development told VCCircle.

CarDekho parent acquires SaaS firm Connecto

April 28, 2016 | Disha Sharma

Jaipur-based Girnar Software Pvt Ltd, which owns auto portals CarDekho.com and Gaadi.com, has acquired SaaS-focused startup Connecto in a cash-and-stock deal.

The acquisition will help Girnar leverage Connecto’s tools to improve user experience across all its websites and apps.

Prime Focus to sell 30% stake in VFX venture to Hong Kong-listed partner

April 28, 2016 | Anushree Bhattacharyya

Media services firm Prime Focus Ltd has signed an agreement to sell its 30% stake in loss-making visual effects (VFX) service firm Digital Domain-Reliance, LLC to its partner Digital Domain Holdings Ltd (DDHL) for $30 million.

Ethnic products marketplace Craftsvilla buys clothing rental startup F2SO4

April 28, 2016 | Arti Singh

Craftsvilla, an online marketplace for ethnic products that raised about $52 million from investors last year, has acquired women clothing rental platform F2SO4 for an undisclosed amount in its third takeover deal in as many months.

Religare announces exit from Landmark Partners

April 28, 2016 | TEAM VCC

Religare Enterprises Ltd said on Thursday it will sell its entire stake in Landmark Partners to the management and other minority shareholders of the US-headquartered private equity fund house for an undisclosed amount.

Evaluating buying opportunities: JSW Energy

April 27, 2016 | PTI

JSW Energy today said it is evaluting various opportunities amid speculations that Sajjan Jindal-led company looks set to acquire a 1,000 Mw power plant in Raigarh, Chhattisgarh from Jindal Steel and Power Ltd.

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