NIIF-controlled iBus may rope in new investor as revenue takes flight
iBus Network and Infrastructure Pvt Ltd is set to add another investor to its cap table, weeks after the National Investment and Infrastructure Fund (NIIF) picked up a controlling stake in the digital infrastructure provider. The development comes at a time when iBus is working on an aggressive growth strategy that ......
Mumbai ARC buys small portion of GVK power plant's debt, gives lender 80% haircut
A Mumbai-based asset reconstruction company (ARC) has acquired some debt of a Punjab-based stressed power project owned by the GVK group in a deal that gives an 80% haircut to a lender, two persons told VCCircle. Aditya Birla ARC Ltd has bought GVK Power (Goindwal Sahib) Ltd’s debt from private sector ......
Pegatron in talks with Tata to sell its only India iPhone plant
Pegatron is in advanced talks to hand over control of its only iPhone manufacturing facility in India to the Tata Group, said two sources with direct knowledge, marking the Taiwanese firm's latest scale back of its Apple partnership. Under the deal, which has received the backing of Apple, Tata plans to ......
IndusInd Bank promoters to acquire 60% of Invesco's India arm
Promoters of private lender IndusInd Bank will buy a 60% stake in the Indian arm of global asset manager Invesco, the two companies said on Tuesday, without disclosing the deal amount. After the deal, Invesco will keep a 40% stake in Invesco Asset Management India (IAMI), the fifth largest foreign asset ......
Global PE, pension funds eyeing minority stake in Max India unit
A clutch of private equity firms and pension funds are looking to pick up a minority stake in a subsidiary of Max India Ltd, part of the $4-billion diversified conglomerate Max Group, two people aware of the development told VCCircle. Max India is the holding company of Antara, the senior care ......
UK Climate Investment, Nordic fund manager Evli exiting India bet
UK Climate Investments, a joint venture between Australia's Macquarie and the UK Government’s Department for Business, Energy and Industrial Strategy (BEIS), and asset management firm Elite Alfred Berg that had jointly bet around $176 million in an Indian portfolio company, are signing off from their six-year-old investment. The two firms had ......
Singapore’s CapitaLand inks pact to acquire IT park assets in Hyderabad
Singapore’s CapitaLand Investment Trust, a subsidiary of CapitaLAnd Investments Ltd, has entered a forward purchase agreement with Phoenix Group to acquire some commercial IT building assets in Hyderabad’s HITEC City, it said on Friday. The Singapore-based real estate investor is set to acquire about 2.5 million square feet of IT buildings ......
Deals Digest: Funding value rises this week on back of two large ticket bets
Momentum in funding raised by private equity (PE) and venture capital (VC) picked up further this week, mainly propelled by a couple of big-ticket transactions valued at over $100 million. Notably, healthcare and pharmaceuticals also saw some big transactions this week, both on the funding as well as consolidation side. This week, ......
ICICI Venture ropes in IvyCap Venture’s managing partner for growth stage bets
ICICI Venture, the alternative investment arm of private lender ICICI Bank, has roped in a managing partner from venture capital firm IvyCap Venture to serve as director and partner within the investment firm. ICICI Venture, which is an investor in Theobroma Foods, Bharat Biotech, Go Fashions India, Metropolis Health Services, and ......
Africa's Verod Capital appoints another partner in bid to grow
West African private equity investor Verod Capital, an investor in African companies like Africa Lifestyle, I-Fitness,IT player Ison Xperiences, pharma player Medplus, agri company Nivya, among others, has expanded its leadership team. The investor, in a bid to scale its growth and investment capabilities, has onboarded a fourth partner, Pacome Zahabi, ......
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