Finance
CPPIB, GIC among anchor investors betting on SBI Life's $1.3 bn IPO
SBI Life Insurance Company Ltd has raised Rs 2,226 crore ($346 million) from anchor investors including Canada Pension Plan Investment ......
Manufacturing
Tata Sons ups stake in auto, chemicals, beverage arms for $500 mn
Tata Sons Ltd on Tuesday increased its stake in the diversified conglomerate’s auto, chemicals and beverages units, as the holding ......
Infrastructure
IFC to invest $50 mn in Mahindra Lifespace projects
International Finance Corporation plans to invest about $50 million (Rs 321 crore) to help Mahindra Lifespace Developers Ltd set up ......
Finance
With about $470 mn in pocket, Goldman Sachs nears exit from Analjit Singh's Max
Goldman Sachs has sold its remaining stake in Max Financial Services Ltd, which houses the group’s Max Life Insurance business, ......
Finance
Fairfax-backed ICICI Lombard's IPO covered 27% on day 1
The initial public offering (IPO) of ICICI Lombard General Insurance Co., India’s largest private sector non-life insurer, crossed the one-fourth ......
Manufacturing
Tata Chemicals in talks to sell phosphatic fertiliser biz to Indorama
Tata Chemicals Ltd said on Wednesday it is in advanced stages of negotiations to sell its phosphatic fertiliser business and ......
TMT
Karnataka IT minister assures due diligence of Elevate 100 startups
Karnataka IT minister Priyank Kharge has assured the government would do due diligence to verify whether the startups chosen for ......
TMT
Blackstone takes deep haircut in another India portfolio exit move
Blackstone, the world’s largest alternative investments manager, has started exiting one of its rare public market investments in India as ......
General
Is string-of-pearls M&A strategy better for overseas deals?
Many of India’s top corporate groups made large overseas acquisitions in the last decade, but some of those deals didn’t ......
Infrastructure
Sembcorp buys out IDFC PE from renewable energy arm for $220 mn
Sembcorp Industries Ltd has agreed to buy out private equity firm IDFC Alternatives from its Indian renewable energy unit, as ......
