Motilal Oswal Investment Advisors (Mo Alts) on Wednesday said it has invested Rs 330 crore ($39.3 million) for a minority stake in Lal Sweets, known for Indian sweets such as ‘Mysore pak’ and ‘kaju katli’. Started in 2010, the Bangalore-based Lal Sweets has its products available across 4,000 modern trade outlets, 7,000 general trade outlets,… Continue reading Motilal Oswal takes minority stake in India’s Lal Sweets for $39mThe firm claims to have been bootstrapped and profitable since its inception.
Author: Deal Street Asia Online News
DiDi to become 2nd-largest shareholder in state-backed NavInfo’s unitDiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of A…
Chinese ride-hailing giant DiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of AutoAi, a subsidiary of state-backed maps firm NavInfo, the latter said in a stock exchange filing on Wednesday. DiDi Smart Transportation Technology will make up 87% of AutoAi’s plan to boost its registered capital by 27.45 million yuan ($3.85 million),… Continue reading DiDi to become 2nd-largest shareholder in state-backed NavInfo’s unitDiDi Global will swap cash plus its smart driving and cockpit unit for 16.5% of A…
Singapore’s Mandala Capital exits Indian food testing firm EFRACEFRAC has been acquired by QIMA.
Mandala Capital, a food- and agri-focused private equity firm, has fully exited its investment in Edward Food Research and Analysis Centre (EFRAC), one of India’s top food laboratory testing companies. The exit comes as QIMA, a global testing, inspection, and certification (TIC) player, acquired EFRAC for an undisclosed amount, per the announcement. Singapore’s Mandala Capital… Continue reading Singapore’s Mandala Capital exits Indian food testing firm EFRACEFRAC has been acquired by QIMA.
China’s Yuexiu Capital, Chint Anneng to jointly build $210m industry fundThis is the second fund jointly established by Yuexiu Capital and Chint Annen…
Guangzhou Yuexiu Capital Holdings Group, a publicly-listed Chinese financial conglomerate with 194.2 billion yuan ($27.2 billion) in total assets, has teamed up with a domestic smart energy firm for the launch of a 1.5-billion-yuan ($210.4 million) fund. Yuexiu Capital, through three holding subsidiaries, bankrolled the new fund along with a subsidiary of Chinese residential renewable… Continue reading China’s Yuexiu Capital, Chint Anneng to jointly build $210m industry fundThis is the second fund jointly established by Yuexiu Capital and Chint Annen…
India’s NSE applies for no-objection with markets regulator for public offerIf approved, it could be one of the largest IPOs in the country.
The National Stock Exchange of India (NSE) on Tuesday restarted the process of its long-pending public offer, according to two sources with direct knowledge of the matter, which, if approved, could be one of the largest IPOs in the country. The exchange has reapplied for a “no-objection” with Securities and Exchange Board of India (SEBI)… Continue reading India’s NSE applies for no-objection with markets regulator for public offerIf approved, it could be one of the largest IPOs in the country.
What’s next for SE Asia’s unicorn listings as tech giants face post-IPO realities?Several tech giants have shed up to 90% of their market value from t…
Initial public offerings have long been a coveted exit route for Southeast Asian unicorns and soonicorns. However, completing a public market listing—and finding success as a listed company—is no walk in the park, as many tech giants from the region have now realised. Go to Source
Tower Capital Asia picks up stake in SG specialty chemicals firm WWRCThe deal is a combination of primary and secondary transactions, per regulatory f…
Singapore-based mid-market private equity (PE) firm Tower Capital Asia on Tuesday announced an unspecified investment in specialty chemicals distributor WWRC Holding. Founded as Fu Yuan Enterprise by CJ Teng in 1980, WWRC provides product sourcing, logistics, distribution, R&D and technical support services to businesses in industries such as oil and gas, plastics, and personal care.… Continue reading Tower Capital Asia picks up stake in SG specialty chemicals firm WWRCThe deal is a combination of primary and secondary transactions, per regulatory f…
Australian pension fund Aware Super buys stake in euNetworks to tap AI boomThe investment was made via a vehicle led by Stonepeak.
Australian pension fund Aware Super said on Tuesday it has acquired a minority stake in London-headquartered bandwidth infrastructure company euNetworks, in a bid to tap into the artificial intelligence boom. It invested in euNetworks via a vehicle led by global infrastructure and real assets manager Stonepeak, and others including Investment Management Corporation of Ontario and APG Asset Management.… Continue reading Australian pension fund Aware Super buys stake in euNetworks to tap AI boomThe investment was made via a vehicle led by Stonepeak.
Swiggy-backer Accel seeks to close eighth fund at $700m by year end: ReportThe firm is targeting a minimum of $600 million for the eighth fund.
Silicon Valley venture capital firm Accel, which has backed Indian startups such as Flipkart and Swiggy, is expected to close its eighth India-focused fund by the end of the year, the Arc reported on Tuesday. The firm is targeting a minimum of $600 million for the eighth fund. The report added that the fund size… Continue reading Swiggy-backer Accel seeks to close eighth fund at $700m by year end: ReportThe firm is targeting a minimum of $600 million for the eighth fund.
Hong Kong lowers listing threshold for tech firms, SPAC dealsThe modifications will apply for a fixed period of three years from September 1, 2024.
Hong Kong’s stock exchange operator has issued new rules to lower the listing threshold for specialist technology companies and special-purpose acquisition companies (SPACs). Hong Kong Exchanges and Clearing (HKEX) plans to lower the market capitalisation bar to make it easier for yet-to-be-profitable tech companies to pursue an initial public offering (IPO) in the city. Separately,… Continue reading Hong Kong lowers listing threshold for tech firms, SPAC dealsThe modifications will apply for a fixed period of three years from September 1, 2024.