Auto finance company Shriram Transport Finance has raised close to ₹2,000 crore through its latest qualified institutions placement (QIP) issue. The issue opened on June 7 and closed on June 11, the company stated. “Securities Issuance Committee at its meeting held today i.e. June 12, 2021, has… approved the allotment of 13,986,000 Equity Shares of face… Continue reading India’s Shriram Transport Finance raises $266m via QIP route
Author: Deal Street Asia Online News
India: Soma Comstar raises $333m from anchor investors ahead of IPO …
PowerGrid InvIT and SBI Cards raised ₹3480 crore and ₹2769 crore, respectively, from anchor investors. The auto components major allocated 8.6 crore shares at ₹291 apiece to 42 anchor investors, aggregating the total to ₹2,498 crore, according to a circular uploaded on the BSE website. Government of Singapore Investment Corporate (GIC) and Monetary Authority of Singapore (MAS) together… Continue reading India: Soma Comstar raises $333m from anchor investors ahead of IPO …
SEA Digest: Fatfish buys BNPL Next; Foodpanda partners robotics startups …
Fatfish Group has acquired BNPL Next Limited for A$4.14 million ($3.2 million) while Foodpanda has partnered with three autonomous robot startups to advance the progress of driverless deliveries in Singapore. Fatfish Group acquires BNPL Fatfish Group Limited (FGL), an ASX-listed tech venture firm, has acquired BNPL Next Limited for a consideration of A$4.14 million ($3.2… Continue reading SEA Digest: Fatfish buys BNPL Next; Foodpanda partners robotics startups …
Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Corporates join institutional VCs in trying to fix Malaysian startups’ funding constraints
Volkswagen, Ford to exit auto finance business in India
The auto financing arms of Volkswagen AG and Ford Motor Co plan to stop giving new credit to car buyers and dealers in India and will exit from the country, sources aware of the development told Reuters. Volkswagen Finance Private Ltd, the German carmaker’s finance arm, stopped giving loans to car buyers in India last year and… Continue reading Volkswagen, Ford to exit auto finance business in India
PUBG-maker Krafton seeks to raise over $5b in Korea IPO
Krafton, the company behind blockbuster video game PlayerUnknown’s Battlegrounds (PUBG), will launch its IPO early next week in what could be South Korea’s largest listing in 11 years, people familiar with the matter said. The Tencent-backed company aims to raise at least $5 billion in the initial public offering (IPO) by selling 20% of its… Continue reading PUBG-maker Krafton seeks to raise over $5b in Korea IPO
India investigates Binance unit for crypto transactions violating forex rules …
India’s financial crime-fighting agency said on Friday that WazirX, one of country’s largest cryptocurrency exchanges, was under investigation for suspected violation of foreign exchange regulations involving transactions worth 27.90 billion rupees ($381.93 million). The federal Enforcement Directorate revealed the launch of the investigation in a tweet. WazirX – which was acquired in 2019 by Binance, the… Continue reading India investigates Binance unit for crypto transactions violating forex rules …
India court deals blow to Amazon, Flipkart in antitrust case
An Indian court dismissed pleas on Friday by Amazon.com Inc and Walmart’s Flipkart to quash an antitrust investigation into the business practices of the U.S. firms, dealing them a blow in their key growth market. The Competition Commission of India (CCI) announced its investigation in January 2020 after a trader group’s complaint accused the firms… Continue reading India court deals blow to Amazon, Flipkart in antitrust case
People Digest: Ex-Gojek exec joins Kumu, Credit Suisse names SE Asia lead
Philippine-based live-streaming startup Kumu has roped in a former executive of Indonesian tech giant Gojek to be its chief product officer, while Credit Suisse has named a new leader for its private banking team for Thailand and Vietnam. Ex-Gojek growth leader joins PH startup Kumu Crystal Widjaja, former chief of staff and SVP of Growth… Continue reading People Digest: Ex-Gojek exec joins Kumu, Credit Suisse names SE Asia lead
China Digest: Medical device maker Reigncom, chip developer Corigine raise money …
Medical device maker Shanghai Reigncom Biotechnology and smart chips developer Corigine have secured fresh funding. Matrix leads funding in Reigncom Chinese medical device and services provider Shanghai Reigncom Biotechnology has raised ‘tens of millions of US dollars’ in a Series A round of financing led by Matrix Partners China, the investee said in a… Continue reading China Digest: Medical device maker Reigncom, chip developer Corigine raise money …