Mercator eyes Dredging Corp; Bharti, Tata’s telecom merger plan hits dead end
Mumbai-based shipping and dredging company Mercator Ltd is looking to acquire state-run Dredging Corporation of India Ltd, separate media reports said citing sources aware of the matter.The government holds a 73.47% stake in Dredging Corp. The Mumbai-listed company’s market valuation is Rs 1,713 crore.Mercator is talking to Canadian billionaire Prem ......
How a decline at lower end of mid-market PE dealmaking is starving SMEs for funds
A mid-market private equity firm invested $10-15 million (Rs 65-100 crore) in two small and medium enterprises over the past couple of years. There is nothing unusual about the deals. What is unusual, however, is it chose the two out of the 80 SMEs that reached out for funding, according ......
Top executive of realty PE firm Rising Straits quits
One of the two managing directors of Rising Straits has moved out just two years after the New Delhi-based real estate-focused private equity firm separated from Red Fort Capital, two people familiar with the development told VCCircle.According to the people, Kalyan Chakrabarti, a long-term associate of the founder, Subhash Bedi, and ......
Essar Group’s Aegis Acquires PeopleSupport For $250 Million
Aegis Communication Inc., the business process outsourcing arm of Essar Group, has acquired US-based., an offshore business process outsourcing (BPO) company for $250 million (Rs 1,061 crore). Aegis will pay $12.25 per share for the Nasdaq-traded PeopleSupport, which is a 29 per cent premium to its closing price Friday of $9.53 ......
IHH Healthcare seeks control of Medanta; HDFC, Baring eye Can Fin Homes
IHH Healthcare Berhad, majority-owned by Malaysian sovereign wealth fund Khazanah Nasional Berhad, has placed a bid to buy a controlling stake in Global Health Pvt. Ltd, the owner and operator of Medanta-The Medicity chain of multi-speciality hospitals, Mint reported, citing two people aware of the development.Citing people, the report said ......
Abraaj managing partner Sev Vettivetpillai to leave
Sev Vettivetpillai, managing partner at Abraaj Group, has resigned from the Dubai-headquartered private equity firm in the latest departure of a senior executive.The resignation comes as Abraaj continues to deal with turmoil after some of its investors alleged misuse of funds, prompting it to pause fresh deployment of money and ......
Cognizant to acquire US-based digital marketing company Cadient Group
IT services major Cognizant Technology Solutions Corp is acquiring digital marketing company Cadient Group, which offers services to a broad spectrum of life sciences companies in the pharmaceutical, biotechnology, consumer health, and medical device industries, as per a statement.The financial terms of the transaction remained undisclosed. Cognizant's Healthcare and Life ......
Yet-to-launch ed-tech platform Kriger Campus gets seed money
New Delhi-based ed-tech startup Kriger Campus, which aims to create a single platform for all stakeholders in the educational ecosystem, has raised Rs 30 lakh ($46,140) of seed capital from an undisclosed city-based angel investor.The funds will be used to expand its team and develop its website and mobile app. ......
Noida developer Logix raises mega financing round
Noida-based real estate developer Logix Group has raised fresh funding from a housing finance company to bolster its project-execution plans, two people familiar with the development told VCCircle.It has raised Rs 900 crore ($139 million) from PNB Housing Finance Ltd, the housing finance arm of public-sector lender Punjab National Bank, ......
How YES BANK is engaging the student community as part of its ‘Future Now’ strategy
YES BANK, India’s fourth largest private sector bank, in light of the rapidly evolving digital and technology paradigm in...
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