IHH Healthcare, Munjal-Burman sweeten bids for Fortis yet again
Malaysia's IHH Healthcare Berhad and a consortium of Hero Enterprise Investment Office and the Burman Family Office have revised their bids for Fortis Healthcare Ltd yet again, in the five-way takeover battle that could see the biggest transaction in the Indian hospital sector.IHH Healthcare will make an immediate equity infusion ......
The HR Fund backs healthtech startup HealthAssure
Primary healthcare services aggregator HealthAssure has raised $1 million (Rs 6.5 crore) in a pre-Series A round from human resource ventures-focused private investment firm The HR Fund.The company will use the money to develop new primary healthcare products, besides investing on its digitisation and distribution initiatives, HealthAssure said in a ......
Bay Capital leads $7.5 mn round for online stock broker Samco
Mumbai-based online broker Samco Securities has raised $7.5 million (Rs 49 crore) in a Series B round led by Bay Capital Investments, the firm said. The round also saw participation from promoters, undisclosed existing backers, and high-net-worth individuals whom the startup did not identify.The firm, which runs mobile trading app ......
Fortis dials new directors on activist funds’ call; bids panel misses deadline
Fortis Healthcare Ltd said on Thursday that it has asked three persons to join its board immediately as additional independent directors, even as an expert advisory committee missed the deadline to submit recommendations on binding proposals for the sale of the business.In a stock exchange disclosure, Fortis said two of ......
Everstone, Indostar co-investors to yield good returns from partial exit via IPO
India- and Southeast Asia-focused private equity firm Everstone Capital and its co-investors in IndoStar Capital Finance Ltd will clock benchmark returns from their partial exits in the IPO-bound company.The Mumbai-based non-banking finance company has set a price band of Rs 570-572 per share for its two-day public offering, beginning 9 ......
Alteria’s debut venture debt fund raises $15 mn from SIDBI
Venture debt firm Alteria Capital Advisors LLP has raised Rs 100 crore ($14.9 million) from Small Industries Development Bank of India (SIDBI) for its maiden venture debt fund, which had marked its first close last month.“We have got a sanction from SIDBI. It is a validation for our track record,” ......
Renuka Ramnath quits committee advising Fortis board on M&A bids
Renuka Ramnath, founder of private equity firm Multiples Alternate Asset Management, on Wednesday resigned from the advisory committee constituted by the board of Fortis Healthcare Ltd to evaluate binding bids for its sale.An advisory panel set up by the Fortis board was scheduled to meet on Wednesday to evaluate multiple ......
PE firm locked in legal tussle with Axiss Dental co-founder
The co-founder of dental clinics chain Axiss Dental Pvt. Ltd has taken one of the firm’s private equity investors to court.Axiss’ Amit Sachdeva has filed a case against India Equity Partners (IEP) at the National Company Law Tribunal (NCLT), two people aware of the development told VCCircle on the condition ......
Ex-franchisee partner accuses Yum! India, PE firm of cheating and extortion
A former franchisee partner of Yum! India, which runs a slew of quick service restaurant (QSR) chains, has filed a case of cheating and extortion against top officials of the company and private equity firm Samara Capital, according to a media report.Yum Restaurants India Pvt. Ltd is the owner and ......
Walmart revamps; India CEO will now report to emerging markets head
US retail giant Walmart Stores Inc today realigned its business structure by removing India unit from Asia region and moving it to emerging markets portfolio.The firm also appointed Enrique Ostal as Executive Vice President and Chief Executive Officer Walmart Latin America, India and Africa, effective from February 1."This is in ......
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