Soumonty Kanungo
Stories by Soumonty Kanungo
India’s NSE looking to ease startup listing norms
In 2013, NSE launched a platform called Emerge ITP to allow start-ups to get listed without having to go through a full-fledged initial public offerin
Hindusthan National Glass exits JV with Turkish firm, sells entire 11.23% stake
Hindusthan National Glass said it has transferred 34.5 million equity shares for $19.2 million
Usha Martin board approves proposal for steel business sale
In the light of the revived interest in steel assets, Usha Martin’s lenders are now of the view that it would be more expedient to sell the steel bu
India: Enam Holdings acquires 15% stake in security tech firm Vehere
After it receives the funding, Vehere will offer stock options to key employees.
India: Emami to buy 26% stake in Brillare in deal valuing firm at $15m
In early December, Emami announced it had agreed to acquire a 30% stake in another new consumer goods maker, Helios Lifestyle Pvt. Ltd, which sells up
Suitors line up for India’s oldest surviving tea company Assam Co
Assam Co. has 14 tea estates. “The produce of some of these estates is unique—you cannot produce such tea anywhere else in the world,” said the
India: Two tea producers set sight on Tata’s stake in Amalgamated Plantations
Kolkata-based Dhunseri Group and Mumbai-based MK Shah Exports Ltd have had initial discussions with Tata Global.
India: Battery-maker Eveready to form JV with Indonesia’s Universal Wellbeing
Eveready will own 30% in the joint venture, which will have an initial paid-up capital of Rs25 crore.
India: MFI Village Financial looks to sell 10% stake to raise growth capital
This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.
India: Tata Global Beverages may sell stake in Amalgamated Plantations
Tata Global Beverages is expecting an enterprise value of around Rs1,300 crore ($204m) for Amalgamated Plantations.
