Alternative investment major Baring Private Equity Asia is said to be edging closer to acquire Philippine-based content technology outsourcing firm Straive (formerly known as SPi Global) from Swiss fund manager Partners Group for $1 billion, according to a Bloomberg report. The report said Baring PE Asia and Partners Group are already finalising the details of the… Continue reading Baring PE Asia nears $1b deal to acquire Philippines-based outsourcing firm Straive
Author: Deal Street Asia Online News
Temasek-backed Indian online drugstore PharmEasy targets $9b IPO valuation …
Prosus Ventures, TPG Growth, CDPQ and Temasek are among PharmEasy’s top investors. The decision not to cash out their stakes during the IPO indicates confidence among PharmEasy’s investors about the growth potential of the company and the online pharmacy market. The growth potential has already drawn India’s largest conglomerates, including the Tata group and Reliance… Continue reading Temasek-backed Indian online drugstore PharmEasy targets $9b IPO valuation …
YPay raises funding from We Founder Circle and 10 other India updates
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India: PE-backed Manjushree Technopack to buy Classy Kontainers
The proposed acquisition will help MTL consolidate its position in the market. MTL will have access to all production units of Classy Kontainers located in five cities and serve the latter’s existing clientele in the paints, adhesives, speciality chemicals and FMCG segments. With over 40 years of packaging expertise in India, MTL caters to the… Continue reading India: PE-backed Manjushree Technopack to buy Classy Kontainers
Several IPO-bound Indian companies hit by last-minute lawsuits, complaints …
High-profile companies bound for public listings have been hit by surprise lawsuits and complaints from former insiders and vendors alleging breach of past contracts and non-payment of dues, creating uncertainties for the timelines of their initial public offerings (IPO) and casting doubts over their post-listing share performance. Companies feel these are attempts to create hurdles in… Continue reading Several IPO-bound Indian companies hit by last-minute lawsuits, complaints …
Patanjali-owned Ruchi Soya gets Indian regulator’s nod for $580m FPO to pare debt
“The approval came in on Saturday,” the person said. With the regulator’s approval in hand, the company is looking to launch the share sale soon, as early as next week, he added. “They are in a rush to launch. The pricing will be finalized close to the launch date,” he said. Ruchi Soya had filed… Continue reading Patanjali-owned Ruchi Soya gets Indian regulator’s nod for $580m FPO to pare debt
Analysts expect more pressure as Malaysia’s political turmoil drives away investors
Malaysia’s currency fell to a one-year low on Monday and analysts forecast further pressure on the country’s financial markets as the prime minister’s resignation raised the prospect of protracted political instability and uncertainty. PM Muhyiddin Yassin said he quit after losing the confidence of parliament, though Malaysia’s king said he will remain caretaker leader until a replacement is found.… Continue reading Analysts expect more pressure as Malaysia’s political turmoil drives away investors
Aramco in talks to buy 20% stake in Reliance’s oil refining, chemicals biz
Saudi Aramco is in advanced talks to acquire a roughly 20% stake in Reliance Industries Ltd’s oil refining and chemicals business for about $20 billion to $25 billion in Aramco‘s shares, Bloomberg News reported on Monday. An agreement could be reached as soon as the coming weeks, according to the report which cited people with knowledge of the matter. Aramco and Reliance declined to comment. Reliance announced a sale of a 20%… Continue reading Aramco in talks to buy 20% stake in Reliance’s oil refining, chemicals biz
India: ASK Investment Managers launches flexicap Alternate Investment Fund
ASK Investment Managers Ltd. has launched digital onboarding for its Alternate Investment Fund (AIF), the first of its kind in the industry. The ASK Emerging Opportunities Fund, a close-ended Category-III, long-only AIF is a flexi-cap portfolio with a mid-cap bias and will invest in listed Indian equities. With the government’s focus on Atmanirbhar Bharat and… Continue reading India: ASK Investment Managers launches flexicap Alternate Investment Fund
India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …
Pet care company Heads Up For Tails (HUFT) has rasied $37 million in its Series A funding round led by Verlinvest and Sequoia Capital India. In another development, Miko has raised funding from IIFL AMC, Mankind Pharma Family Office, and others. Heads Up For Tails raises $37m Delhi-based pet care company Heads Up For Tails… Continue reading India Digest: Heads Up For Tails raises $37m; IIFL AMC, others lead funding in Miko …