GVK Energy Raises Rs 698Cr From Actis, GIC Singapore
GVK Energy Ltd, a subsidiary of GVK Power & Infrastructure Limited, has raised another Rs 698 crore from emerging markets private equity major Actis and Government of Singapore Investment Corporation (GIC). The deal comes after 3i Group invested Rs 800 crore in the firm last month, taking the total fundraising ......
MTG acquires India-based PlaySimple; Chiratae, Elevation Capital exit
Sweden-based Modern Times Group ( MTG) said on Friday it has acquired Chiratae Ventures and Elevation Capital-backed Indian word...
GVK Pays $1.3B For Stake In Australia’s Hancock
India's GVK Power & Infrastructure will pay $1.26 billion for a majority stake in three Australian coal mines and a port and rail project owned by Hancock Group to secure long-term coal supplies for the Indian group's power projects.The Indian infrastructure group will acquire a 79 per cent stake in ......
3i Group Leads Rs 1,200Cr Investment In GVK Energy
GVK Energy Ltd, a subsidiary of GVK Power & Infrastructure Limited, has raised Rs 1,200 crore (~ $274 million) in private equity funding round led by 3i India Infrastructure Fund. The deal to pick up a 21.1% stake in the power arm of the infrastructure group values the unit at ......
News Roundup: GVK In Talks With Kideco For Stake Sale
Reliance Capital May Sell 26% In General Insurance Unit - After roping in Nippon Life in the life insurance business, Reliance Capital is now looking to sell 26 per cent stake in Reliance General Insurance Company. Reliance Capital has shortlisted a few foreign investors. Reliance General is expected to report ......
Tiger Global invests in online stock brokerage company Upstox
US-based investment firm Tiger Global Management has invested $25 million (approximately Rs 177.42 crore at current exchange rates)...
India allows power firms to pass on imported coal costs
India has decided to allow power companies to pass on the costs of foreign coal to customers, a minister said on Friday, a move likely to boost imports and investment in power generation, but bring higher energy prices to consumers.However, a proposal to raise gas prices for the first time ......
GVK Power Weighs Options For PE Investment In Road Business
GVK Power and Infrastructure is weighing options to raise funds from private equity investors for its roads business following strong interest from some players, a senior official said on Monday."There is always this possibility of bringing in private equity investors into the transportation vertical, now that we have roughly about ......
GVK May Raise $280M To Fuel Energy Biz
Hyderabad-based GVK Power & Infrastructure is close to raising a large private equity round for energy business. Sources familiar with the development say that the infrastructure major could be raising $280 million (Rs 1,300 crore) from private equity majors 3i Group plc and Actis. Both PE firms could be taking ......
Crejo.Fun, CarterX raise seed money
Crejo.Fun, a platform for extra-curricular activities, raised $3 million (Rs21.9 crores) in a seed funding round led by investment...
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