Quess Corp to acquire Manipal Integrated Services
Fairfax Holdings-backed Quess Corp. has agreed to acquire the facility management and catering business of Manipal Integrated Services Pvt. Ltd (MIS), the company told the stock exchange.Quess is paying Rs 220 crore for the transaction, the company said, although there is also an additional stock component. After MIS, the facility ......
IL&FS may merge wind energy biz with PE-backed Orient Green Power
Chennai-based Orient Green Power Company Ltd (OGPL) is in advanced talks to merge its wind energy assets with IL&FS Wind Energy Ltd, it said on Thursday. The proposed move would create the top public-listed renewable energy firm in India with 1.2 giga watt (GW) of operating wind power capacity.OGPL is ......
WNS acquires procurement BPO firm Denali for $40 mn
WNS Ltd, a Nasdaq-listed and Mumbai-headquartered business process management (BPM) company, has sealed a deal to acquire US-based Denali Sourcing Services for $40 million. WNS said it would fund the acquisition, its third-biggest ever, through long-term debt. The deal is expected to close this month. WNS said Denali would contribute $3 ......
Milk Mantra raises Series D round from Neev Fund, existing investors
Odisha-based dairy startup Milk Mantra Dairy has raised its Series D round of funding led by Neev Fund, which is backed by the country's largest lender State Bank of India, it said in a statement.The firm’s existing investors Eight Roads Ventures and Aavishkaar also participated in the round, said Srikumar ......
Former MySpace CEO Michael Jones launches $30M VC fund to back Indian mobile startups
Michael Jones, former chief executive of MySpace, is raising a $30 million (Rs 190 crore ) venture capital fund named Science India Fund to invest in early-stage startups that are building mobile phone applications, The Hindu reported.He expects to close the fund in a few months.The fund is floated through ......
Airbus restructures Indian operations, appoints Srinivasan Dwarakanath as CEO
Global aircraft maker Airbus has restructured its operations in India by creating a fully owned subsidiary called Airbus India to manage the company’s significant Indian footprint spread across several sites.The new Airbus India organisation will have customer facing centres in Delhi and Mumbai. Airbus India will also include strategy, customer ......
Is Flipkart preparing for an IPO soon?
Flipkart, India’s largest e-commerce portal, is preparing to list on the stock exchanges, a news report said on Wednesday.Citing unnamed company sources, The Hindu BusinessLine newspaper reported that Flipkart is readying “itself for an IPO or a full sell-off”.The report said that the Flipkart board had “decided to make the ......
IDG Ventures backs mobile app management platform Hansel.io
Bengaluru-based Hansel Software Pvt. Ltd, which operates real-time mobile app management platform Hansel.io, has raised $1.35 million (around Rs 9.2 crore) in a funding round led by IDG Ventures, it said in a statement.Existing investor Endiya Partners also invested in the round.The company will use the fresh funds for developing ......
B2B e-commerce firm Wholesalebox raises pre-Series A funding
Wholesalebox.in, a Jaipur-based B2B wholesale e-commerce firm, has secured $2 million (Rs 13 crore) in a pre-Series A round from a group of angel and institutional investors. Manish Maheshwari, CEO of Network 18 Digital and Contrarian Vriddhi Fund are among the investors that participated in this round. Currently the startup ......
Scored above-threshold returns in eight of 10 exits: Aditya Birla PE’s Muthukumaran
Aditya Birla Private Equity, part of the billionaire Kumar Mangalam Birla-led diversified Aditya Birla Group, started investing nine years ago and built a portfolio of a dozen-and-a-half companies. The PE firm launched its first fund with a corpus of Rs 881 crore in 2009. In 2011, it began investing out ......
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