Author: Deal Street Asia Online News

Keppel Infrastructure Trust eyes raising $153m via private placementKIT will issue between 456.6 million and 469.5 million new units to eligible inves…

Singapore-listed Keppel Infrastructure Trust (KIT) is set to launch an equity funding exercise to raise at least S$200 million ($153 million) via private placement of shares, according to an announcement. KIT said it will issue between 456.6 million and 469.5 million new units to eligible institutional and other investors at a price range of between… Continue reading Keppel Infrastructure Trust eyes raising $153m via private placementKIT will issue between 456.6 million and 469.5 million new units to eligible inves…

India Digest: GVK scion Keshav Reddy’s Equal backs One Money; Convin bags $6.5mConvin’s Series A round was led by India Quotient.

ID-sharing platform Equal, founded by Keshav Reddy, a scion of the GVK Group family, has made a strategic investment in India’s account aggregator OneMoney, for an undisclosed amount. Separately, AI platform Convin has raised $6.5 million in a Series A round led by India Quotient. GVK scion Keshav Reddy’s Equal invests in One Money ID-sharing… Continue reading India Digest: GVK scion Keshav Reddy’s Equal backs One Money; Convin bags $6.5mConvin’s Series A round was led by India Quotient.

Warburg sells stake in India’s MedPlus Health to SG government, ICICI PruThe shares were worth around $100m.

Private equity firm Warburg Pincus, through its Mauritius-based unit Lavender Rose Investment Ltd, has offloaded its stake in India’s MedPlus Health Services for Rs 836 crores (around $100 million), according to bulk deal data available on the National Stock Exchange (NSE). Warburg Pincus offloaded 1.3 million shares at Rs 616.48, per share. The Singapore government… Continue reading Warburg sells stake in India’s MedPlus Health to SG government, ICICI PruThe shares were worth around $100m.

Bank of China sets up $4.21b FOF to invest in homegrown tech innovationsBank of China commands a market cap of $21b as one of the world’s biggest comm…

Bank of China (BOC), a wholly state-owned commercial bank, has officially set up a fund-of-funds (FOF) to invest up to 30 billion yuan ($4.21 billion) in technological innovations in China’s private market. BOC, which commands a market cap of HK$1.64 trillion ($210.3 billion) as one of the world’s biggest banks, introduced the gigantic FOF to… Continue reading Bank of China sets up $4.21b FOF to invest in homegrown tech innovationsBank of China commands a market cap of $21b as one of the world’s biggest comm…

China’s PDD suffers $40b market cap wipeout after flagging an uncertain marketPDD operates discount platforms Pinduoduo in China and Temu for the inte…

China’s PDD Holdings missed market estimates for quarterly revenue on Monday, and downbeat comments from executives about China’s domestic e-commerce competition and the firm’s global outlook sent its shares down more than 28%. The biggest one-day share fall for PDD since it listed in the U.S. in 2018 wiped out nearly $40 billion in market… Continue reading China’s PDD suffers $40b market cap wipeout after flagging an uncertain marketPDD operates discount platforms Pinduoduo in China and Temu for the inte…

Mix of domestic, foreign LPs help strengthen investment strategy: BPEA CreditHaving a mix of domestic and global LPs brings diverse perspectives, says…

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