India Digest: Bluestone's pre-IPO round; Premji Invest, Claypond Capital may back Akasa Air

Indian IT czar Azim Premji’s investment firm Premji Invest, and Claypond Capital, the family office of Manipal Group’s Ranjan Pai are said to be in talks to acquire a significant minority stake in Akasa Air. In a separate development, jewellery retailer Bluestone, backed by the Indian industrialist Ratan Tata, is said to have closed a Rs 900-crore ($107 million) pre-IPO round.