Finance
Essel Group to acquire majority stake in LKP Finance
Media baron Subhash Chandra’s Essel Group has agreed to acquire a majority stake in Mumbai-listed non-bank lender LKP Finance Ltd.Dakshin ......
TMT
Knowlarity acquires cloud telephony business of Sunoray Solutions
Singapore-headquartered cloud-based telephony services provider Knowlarity Communications Pvt. Ltd has acquired Mumbai-based Sunoray Solutions Pvt. Ltd for an undisclosed amount, ......
People
VC firm Lightspeed India appoints former Andreessen Horowitz exec as partner
Venture capital firm Lightspeed India Partners has appointed former Andreessen Horowitz executive Hemant Mohapatra as a partner.“I'll be joining the ......
General
SoftBank may invest $3 bn in Paytm Mall; Japan's Sompo to up stake in insurance JV
Japan's SoftBank Group is in preliminary talks to invest as much as $3 billion (Rs 20,180 crore) in online marketplace ......
Finance
True North to pick up 26% stake in Federal Bank's NBFC
Homegrown private equity firm True North is set to acquire 26% stake in Fedbank Financial Services Ltd (Fedfina), a non-banking ......
Manufacturing
Sintex Plastic unit gets $186 mn in structured finance from KKR India NBFC
Gujarat-headquartered Sintex-BAPL Ltd, a wholly-owned subsidiary of Sintex Plastic Technology Ltd, has received a structured credit commitment of Rs 1,250 ......
General
SoftBank undecided on Flipkart stake sale; True North eyes Shree Digvijay Cement
Japanese conglomerate SoftBank Group Corp. has still not made a decision to sell its more than 20% stake in Flipkart ......
TMT
Venture debt firm Alteria Capital backs ed-tech startup Toppr
Venture debt firm Alteria Capital Advisors LLP has invested Rs 15.5 crore ($2.3 million) in Mumbai-based ed-tech startup Toppr Technologies ......
TMT
FidelisWorld-backed Smaaash to list in US after pact with blank cheque firm
Gaming arcade operator Smaaash Entertainment Pvt. Ltd has opted for a back-door listing in the US after it signed a ......
Finance
IFC plans to invest $50 mn in Encore ARC
International Finance Corporation plans to invest up to Rs 325 crore (around $50 million) in Gurugram-based Encore Asset Reconstruction Company ......
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