News Roundup: Satyam Cineplexes To Raise Rs 50Cr From Private Equity
Satyam Cineplexes To Raise Rs 50Cr Private Equity - New Delhi-based multiplex operator Satyam Cineplexes will raise Rs 50 crore through a fresh round of private equity (PE) funding by October to expand outside Delhi. Satyam plans to set up 70 new screens and investments will be made over 18 ......
WhatsApp groups leak results of seven Nifty companies ahead of earnings call
Three days before Dr. Reddy’s Laboratories Ltd announced quarterly results this summer, a message circulated on a private WhatsApp group saying the Indian drugmaker would not post good numbers.Dr. Reddy’s was going to report a loss, according to the message on the “Market Chatter” group, which was posted on July ......
Stressed assets this week: Tatas win race for Bhushan Energy; Jaypee Infra in focus
The total number of cases that have ended with the order of liquidation stand at 378 as on 31 March, according to data by the...
Times Group, others invest $13.5 mn in Koovs
Koovs plc, the UK-based parent of Indian lifestyle e-tailer Koovs.com, said on Wednesday it has raised £10.9 million ($13.5 million, or Rs 92 crore) from existing and new investors including media house Times Group. Times Group invested £3.9 million, Koovs said in a statement. The company also has “firm indications of ......
NCLT admits SBI’s insolvency plea against Jet Airways
The National Company Law Tribunal (NCLT) on Thursday admitted an insolvency plea filed by State Bank of India (SBI) against grounded...
Hero Future eyes Fotowatio's solar project; SoftBank may invest $400 mn in FirstCry
Hero Future Energies Pvt. Ltd, the renewable power unit of Hero Group, is looking to acquire a solar power project from...
Stressed assets: NCLT gets more judges; Jet Airways finally lands into bankruptcy court
In a development that will help ease the burden of bankruptcy courts and expedite the resolution of distressed assets, the corporate...
Multi-stage VC firm, SWF among IndiaMart’s anchor investors ahead of IPO
IndiaMART InterMESH Ltd, which operates an online business-to-business (B2B) marketplace, has attracted a number of marquee institutional...
InnoVen Capital backs former Philips India CEO’s smart lighting firm
InnoVen Capital has provided venture debt to a smart-lighting solutions company, two people privy to the development told VCCircle. Delhi-based...
PE-backed Annapurna Finance in talks to snap up microlender
Rural-focussed microfinance institution Annapurna Finance Pvt. Ltd is in talks to acquire a peer with an eye on expanding its...
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