Takeda In Talks To Buy Cipla, Lupin - Takeda, Japan's largest pharmaceutical firm, has begun talks with two of India's biggest companies for purchasing either of their pharma businesses. The Osaka-headquartered Takeda, which unlike rival Daiichi Sankyo does not have a large presence in the country, has approached Cipla, India's second-largest drug firm by market share, and Lupin, the fifth-biggest by market share for talks. (Economic Times)

Reliance To Raise Rs 1,500Cr For Realty Fund - Reliance Portfolio Management Services, a part of Reliance Capital Asset Management, plans to raise over Rs 1,500 crore from the domestic market to invest in real estate projects around the country. The fund will be raised through a limited liability partnership structure and will be named as Reliance India Realty Opportunities. Reliance Capital Asset Management —Portfolio management Services will act as the advisor to Reliance Realty. (Economic Times)

Kaneka In Talks To Buy Stake In Supreme Industries - Kaneka Corporation, a $4-billion Japanese corporate group, eyeing a minority stake in Supreme Industries, a manufacturer of plastic goods. Kaneka was in talks with private equity investor - Nalanda Capital and the promoters of Supreme simultaneously. Nalanda holds about 6.44% in Supreme while the promoters holds 49.62%. (Business Standard)

Sonalika Eyes European Buy - Tractor and agri machinery maker Sonalika Group is in talks to acquire an Italian tractor manufacturing firm to set up base in the European continent. The firm has got an approval to sell tractors in the United States and is now negotiating to acquire a tractor maker in Italy to set up a base for the European markets. (Business Standard)

IIM-A Ties Up With BP, Others For A Fund - In an effort to support aspiring entrepreneurs in the sustainable energy sector, the Indian Institute of Management, Ahmedabad (IIM-A) is set to launch a fund on sustainable energy to in the sector. Titled 'Indian Fund for Sustainable Energy (INFUSE)', the initiative to be launched on August 25 is a collaborative partnership between the private-public-academia to build sustainable energy ventures for India. The fund is partnered by IIM-A, Ministry of New and Renewable Energy (MNRE), British Petroleum (BP) and Technology Development board (DST). (Business Standard)

Religare Promoters Raise Rs 1,400Cr Debt - Malvinder Singh and Shivinder Singh, the promoters of Religare Enterprises and Fortis Healthcare, have raised Rs 1,400 crore debt from global banking major Standard Chartered two months ago. The funds raised could be invested in the growth plans for Religare, which has filed for regulatory approval for its Rs 800-crore rights issue. The billionaire brothers have mortgaged seven properties with a total space of 1.3 million square feet to raise the funds. (Business Standard)

SIS Forms Pest Control JV With Terminix - The SIS Group, leading Indian owned security services group, and the US-based Terminix, the world leader in pest management, on Tuesday announced a 51:49 joint venture to form a pest control services company. The JV company, called SIS Terminix, will be investing over Rs. 250 crore to fund both organic growth and acquisitions in India. (Business Line)

Bandhan To Raise 43% More Funds - Bandhan Financial Services plans to raise 43% more funds in loans this year as banks begin to open their purse strings for microfinance companies after more than a year of freeze due to a collapse in loan recovery. It will borrow Rs 2,400 crore this financial year. The Kolkata-based MFI, which was the first micro-lender to get a sizeable bank loan this year from United Bank of India, will raise the resources using a combination of bank loans, non-convertible debentures and securitisation deals.(Economic Times)

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