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Grapevine: Allcargo eyes control of Gati; Tiger to invest in Sequoia-backed KredX

General

26 September, 2019

Grapevine: Allcargo eyes control of Gati; Tiger to invest in Sequoia-backed KredX

India’s biggest cargo company Allcargo Logistics Ltd is in the final round of discussions to pick up a controlling stake...

Grapevine: PTC India likely to sell two units; Amazon may not buy into Reliance Retail

General

25 September, 2019

Grapevine: PTC India likely to sell two units; Amazon may not buy into Reliance Retail

PTC India, the nation’s top power trading company, has put two of its non-core businesses on the block -- lender ......

Grapevine: Ex-Uber CEO bets on Rebel Foods; HDFC to buy out Credila promoters

General

24 September, 2019

Grapevine: Ex-Uber CEO bets on Rebel Foods; HDFC to buy out Credila promoters

Ride-hailer Uber’s co-founder Travis Kalanick has purchased a small stake in Rebel Foods Pvt. Ltd, the owner of online kitchen...

Grapevine: Tiger Global to back Nobroker; Lodha may sell office space to Varde

General

23 September, 2019

Grapevine: Tiger Global to back Nobroker; Lodha may sell office space to Varde

Private equity investors Tiger Global Management and General Atlantic are set to lead a round of funding for up to ......

Grapevine: Qatar fund may invest in Adani discom; GIP, Edelweiss eye Engie solar assets

General

20 September, 2019

Grapevine: Qatar fund may invest in Adani discom; GIP, Edelweiss eye Engie solar assets

Qatar Investment Authority is in negotiations to buy up to 25% stake in Adani Group’s flagship power transmission and distribution...

Grapevine: Axis Bank to raise over $2 bn; Utkarsh Small Finance Bank plans IPO

General

19 September, 2019

Grapevine: Axis Bank to raise over $2 bn; Utkarsh Small Finance Bank plans IPO

Axis Bank is planning to raise more than Rs 14,000 crore (about $2 billion at current exchange rate) in a ......

Grapevine: Chiratae to float seed vehicle; JM Financial raises second PE fund

General

18 September, 2019

Grapevine: Chiratae to float seed vehicle; JM Financial raises second PE fund

Chiratae Ventures, formerly known as IDG Ventures India, is launching a separate $35 million (Rs 250 crore at current exchange...

Grapevine: InCred, others circle Reliance Wealth Management; Tencent may back KhataBook

General

17 September, 2019

Grapevine: InCred, others circle Reliance Wealth Management; Tencent may back KhataBook

Investors including non-banking financial company InCred Finance are eyeing a possible bid for Anil Ambani’s Reliance Wealth...

Grapevine: Lee Fixel, Kae Capital plan new funds; Warburg, Goldman may make PE bets

General

16 September, 2019

Grapevine: Lee Fixel, Kae Capital plan new funds; Warburg, Goldman may make PE bets

Former Tiger Global Management executive Lee Fixel is looking to invest around $1 billion (Rs 7,149 crore at current exchange...

Grapevine: Hindustan Unilever leads race for dairy firm; Arohan seeks to raise $200 mn

General

13 September, 2019

Grapevine: Hindustan Unilever leads race for dairy firm; Arohan seeks to raise $200 mn

Consumer goods giant Hindustan Unilever Ltd has emerged as the front-runner to buy Nagpur-based Dinshaw’s Dairy Foods, a...

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