EQT to acquire Brookfield-controlled IndoStar's housing finance unit
Private equity firm EQT has inked a deal to acquire a 100% stake in affordable housing finance company IndoStar Home Finance for Rs 1,750 crore, or $209.5 million, from its parent company, IndoStar Capital Finance. IndoStar Capital is controlled by Canadian alternative investment firm Brookfield Asset Management Inc. Brookfield acquired a majority ......
Aye Finance pockets Series G cheque from Temasek-backed impact investor
Aye Finance, a non-bank lender to micro, small and medium-sized enterprises (MSMEs), has raised Rs 250 crore (about $30 million) in a Series G funding round led by Singapore’s ABC Impact, the pan-Asia impact investor backed by Temasek and Temasek Trust. The UK’s development finance institution and impact investor British International Investment ......
Deals Digest: PE-VC investment value doubles as EQT, Warburg sign big cheques
Private equity and venture capital firms signed several big cheques this week, pushing their total investments in Indian companies to the highest level in three months, according to data collated by VCCircle. Three deals were valued above $100 million this week while the amount invested by PE and VC firms touched ......
Bajaj Housing Finance more than doubles in debut, fetches $16 bn valuation
Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday, giving the company a market capitalization of 1.34 trillion rupees ($16 billion) and making it India's most valuable listed home loan financier. The blockbuster listing is the latest in India's booming IPO market that has seen over 200 companies ......
Blume-backed Optimo Loan may tap new international investor in fresh fundraise
Small business-focused lending startup Optimo Loan, which was launched by Easemytrip’s co-founder Prashant Pitti and is backed by venture capital firms Blume Ventures and Omnivore, is planning a second round of fundraising with a new investor also set to join its cap table, a person familiar with the matter said. The ......
Elivaas, Big Bang Boom, TraqCheck get funding; Stockal buys Acru
Villa and apartment management startup Elivaas, enterprise software company TraqCheck and Big Bang Boom Pvt. Ltd, a startup operating in the defence sector, have raised early-stage funding, the companies said Friday. Elivaas Elivaas, operated by Ishanee Villas Tech Pvt. Ltd, has raised $5 million (Rs 41.75 crore) in its Series A funding ......
IndusLaw's M Arun Kumar, Chowdhury switch to JSA with their teams
JSA Advocates and Solicitors has roped in two partners from IndusLaw, along with their team of several lawyers, to help strengthen its infrastructure practice at Gurugram and Hyderabad. M. Arun Kumar will take charge of JSA’s Gurugram office with a team of seven attorneys and Deepak Chowdhury will join the law firm’s ......
Sensex, Nifty hit record high, log weekly gains on US rate cut euphoria
Indian shares surged to record highs and registered weekly gains on Friday, as an outsized interest rate cut by the U.S. Federal Reserve earlier in the week whetted investor risk appetite across global markets. The NSE Nifty 50 added 1.48% to 25,790.95 and the S&P BSE Sensex gained 1.63% to 84,544.31, ......
Equirus Capital buys into insurance broking firm
Financial services firm Equirus Capital has received regulatory approval to acquire a stake in an insurance broking firm, as it looks to increase its exposure to the segment it entered three years ago. Equirus said Friday it will buy the stake in Mumbai-based Raghnall Insurance Brokers. It didn’t disclose any financial terms ......
HDFC Bank unit HDB Financial Services to raise $299 mn via IPO
India's HDB Financial Services, a unit of HDFC Bank HDBK.NS, has approved raising 25 billion rupees ($299 million) through a fresh issue of shares in its initial public offering, the lender said on Friday. Existing shareholders will also sell some stake in the IPO via an offer for sale, the details of which were not revealed ......
Recommended for you
Google News
Follow VCCircle on Google News for the latest updates on Business and Startup News