Top Stories

 Exclusive: VLCC Healthcare defers IPO, now eyes listing in second half of 2017

Joseph Rai

Wellness firm VLCC Healthcare is letting regulatory approval for a public float lapse, amid market volatility following the government's demonetisation move last month, and will refile for the share sale next year, a top executive told VCCircle.

Core Diagnostics raises $12 mn from Eight Roads Ventures, others

Joseph Rai

Core Diagnostics Pvt Ltd, which provides specialised diagnostics services, said it has raised $12 million (Rs 82 crore) from private equity firm Eight Roads Ventures and US-based F-Prime Capital Partners.

Advanced Enzyme closes deal to buy majority stake in JC Biotech

Joseph Rai

Advanced Enzyme Technologies Ltd, which made a blockbuster listing earlier this year, said it has completed the acquisition of a 70% stake in bulk drugs maker JC Biotech Pvt Ltd for Rs 50.08 crore ($7.3 million).

IFC invests $65.8 mn in Apollo Health & Lifestyle

Ranjani Raghavan

International Finance Corporation (IFC) has invested Rs 450 crore ($65.8 million) in Apollo Health & Lifestyle Ltd (AHLL) in return for a 29.03% stake, the company informed stock exchanges. 

The investment values the firm at Rs 1,550 crore.