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Ankit Agarwal

Grapevine: Udaan eyes $2.7 bn valuation in new round; Canadian funds in race for GIP's road assets

General

29 July, 2019

Grapevine: Udaan eyes $2.7 bn valuation in new round; Canadian funds in race for GIP's road assets

Business-to-business e-commerce platform Udaan is looking to raise $500 million in new round of funding that it is likely to ......

Grapevine: AION nears Adlabs control deal; Airtel-Dish TV pact hits hurdle

General

26 July, 2019

Grapevine: AION nears Adlabs control deal; Airtel-Dish TV pact hits hurdle

AION Capital, a joint venture between ICICI Bank and Apollo Global Management, is close to acquiring a controlling stake in ......

Grapevine: IndiGo founders set to reach compromise; TVS may sell stake in warehousing biz

General

25 July, 2019

Grapevine: IndiGo founders set to reach compromise; TVS may sell stake in warehousing biz

InterGlobe Aviation Ltd, which runs budget airline IndiGo, has finalised a new policy on related-party transactions to address concerns raised ......

Grapevine: Brookfield faces roadblock to Suzlon; Sachin Bansal invests in Kissht

General

24 July, 2019

Grapevine: Brookfield faces roadblock to Suzlon; Sachin Bansal invests in Kissht

Brookfield Asset Management Inc.’s plan to acquire Suzlon Energy Ltd has hit a roadblock as the Canadian investor has asked ......

Grapevine: Tata Realty may sell roads biz to GIC; Temasek to exit Assetz Park

General

22 July, 2019

Grapevine: Tata Realty may sell roads biz to GIC; Temasek to exit Assetz Park

Tata Realty and Infrastructure, a wholly-owned unit of Tata Sons, is in preliminary talks with Singaporean sovereign fund GIC to ......

Grapevine: ShopClues swings axe on 50% staff; IFC, others mull Azure Power stake sale

General

19 July, 2019

Grapevine: ShopClues swings axe on 50% staff; IFC, others mull Azure Power stake sale

Gurugram-based online retailer ShopClues has let go about 50% of its workforce, downsizing from about 400 to around 200 employees, ......

Grapevine: GIC may buy into Taj GVK; First Degree to snap up two Essel financial firms

General

18 July, 2019

Grapevine: GIC may buy into Taj GVK; First Degree to snap up two Essel financial firms

Singapore sovereign wealth fund GIC is in preliminary talks with GVK Group promoters to acquire their stake in Taj GVK ......

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M&A activity in healthcare softens, PE dealmaking steady in Q2

Healthcare

17 July, 2019

M&A activity in healthcare softens, PE dealmaking steady in Q2

Merger and acquisition activity in India's healthcare sector has slowed in recent quarters from last year when Malaysian company IHH ......

Grapevine: Edelweiss may sell 20% of wealth unit; True North-backed Home First plans IPO

General

17 July, 2019

Grapevine: Edelweiss may sell 20% of wealth unit; True North-backed Home First plans IPO

Financial services group Edelweiss is in talks to sell a 20% stake in its wealth management unit to US-based investment ......

Grapevine: NIIF mulls infusion in Multiples PE fund; Aishwarya Rai invests in startup

General

16 July, 2019

Grapevine: NIIF mulls infusion in Multiples PE fund; Aishwarya Rai invests in startup

The National Investment and Infrastructure Fund (NIIF) is considering deploying $100 million (about Rs 685.4 crore at current exchange rate) ......