In the deals space, Mauritius-based private equity firm 2i Capital is set to invest close to $67 million for a 9.44% stake in the publicly listed Swan Energy.
In another deal, private equity firm Emerging India has acquired a majority stake in Mumbai’s Orbit Corporate and Leisure Travels for an undisclosed amount.
In a startup funding deal, Gurgaon and Seoul-based Balance Hero, which operates mobile balance checking app True Balance, received $14.88 million in a Series B round of funding from existing investor SoftBank Ventures Korea, IMM Investment Corp and others.
In the biggest deal of the week in the M&A space, Bharti Airtel said it will acquire Telenor India for an undisclosed amount.
In another deal, Havells India is set to acquire the consumer durables business of Lloyd Electrical and Engineering Ltd for $230.71 million.
Among the other deals, Japan’s BroadBand Tower, along with its subsidiary, picked a significant minority stake in San Diego-based clean-tech startup igrenEnergi Inc while Bharti Airtel made strategic investment in Panaji-based fintech startup Seynse Technologies.
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