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India’s M&A activity needle stagnant for about a decade now
M&A deals worth Rs 1.32 trillion were completed in the last fiscal year, which is among the lowest in the past nine years.
India: Debt-laden Ruchi Soya sells over 10m shares in open market
Ruchi Soya’s promoter entity Disha Foundation Trust sold 1.06 shares on 24 August, lowering the promoters’ stake in the company to 38.88% from 42.
India: LIC board approves acquisition of 14.9% stake in IDBI Bank
The Union Cabinet recently gave its nod for LIC’s proposal to acquire 51% stake in IDBI Bank through preferential offer of equity.
India: Fincare raises $13.6m from existing investors True North, TA Associates, others
The small finance bank had last raised funds in March 2017, when the same investors pumped in ₹500 crore.
Kickstarter’s focus is on engaging with creative people: Perry Chen
Kickstarter remains one of the world’s biggest contributors to arts and technology projects and has spawned similar platforms in India such as Ketto
India: Cadila Healthcare to acquire 51% stake in Windlass for $22m
Objective of this investment is to expand pharma manufacturing footprint.
Redwood Investment sells $221.5m stake in AU Small Finance Bank
Redwood disposed of 2.40 crore shares, or an 8.27% stake in the bank, through open market transactions.
Sembcorp Energy India, Montecarlo get Sebi nod for IPO
With this, the total number of companies getting Sebi’s approval for IPOs has reached 39 so far this year.
Reliance seeks $2.7b in forex loans to refinance debt
More than half of RIL’s $ 34 billion debt is due for repayment by 2022, while around $ 13 billion is maturing from 2018 through 2020. Most of the ou
