Lithium battery maker EIKTO has secured 400 million yuan ($55.9 million) in its latest funding round, which roped in a number of state-owned investors including China Galaxy Investment Management Company and Hefei Industry Investment Holding Group. Go to Source
Author: Deal Street Asia Online News
Korea Zinc’s $1.8b share sale plan stalled by regulator’s revision orderThis means the overall schedule related to the share sale may be changed.
Korea Zinc’s new share sale plan, which was announced on Oct 30 and worth around $1.8 billion, has been suspended due to a revision order by the South Korean financial regulator, a regulatory filing said on Wednesday. This means the overall schedule related to the share sale may be changed, and if the company failed… Continue reading Korea Zinc’s $1.8b share sale plan stalled by regulator’s revision orderThis means the overall schedule related to the share sale may be changed.
Swiggy’s $1.4b India IPO opens amid fears of modest demand from retail investorsSwiggy has cut its valuation twice by a combined 25% to $11.3b.
Indian food and grocery delivery firm Swiggy is expected to see just modest demand from retail investors for its $1.4 billion IPO even after cutting its hoped-for valuation twice, with momentum for domestic stocks having cooled considerably. The country’s second-largest IPO for the year opened for bids on Wednesday with orders to be taken until… Continue reading Swiggy’s $1.4b India IPO opens amid fears of modest demand from retail investorsSwiggy has cut its valuation twice by a combined 25% to $11.3b.
KKR secures enough Fuji Soft shares to block Bain’s privatisation bid: reportKKR has secured over a third of the shares of Fuji Soft.
Private equity firm KKR has secured more than one-third of the shares in Japanese software developer Fuji Soft after the first part of its two-stage buyout tender offer, a person familiar with the matter said on Wednesday. The person did not state the exact share of Fuji Soft’s shares KKR secured and asked not to… Continue reading KKR secures enough Fuji Soft shares to block Bain’s privatisation bid: reportKKR has secured over a third of the shares of Fuji Soft.
MobiKwik founder ‘a little concerned’ about market volatility as IPO nearsThe Indian digital payments firm is looking to raise up to $84m this month.
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PE firm Carlyle acquires Japanese PCB manufacturer KyodenThe acquisition will support Kyoden growth plans and global expansion.
Private equity major Carlyle has acquired printed circuit board (PCB) manufacturer Kyoden Co to accelerate the Japanese company’s global expansion, according to an announcement. Financial details of the acquisition were not disclosed. Carlyle said the acquisition will support Kyoden’s growth plans through the continued development of its manufacturing capabilities focused on high-multilayer and build-up PCBs.… Continue reading PE firm Carlyle acquires Japanese PCB manufacturer KyodenThe acquisition will support Kyoden growth plans and global expansion.
CVC Capital mulls exit from Indonesian cheese brand Prochiz parentThe PE firm currently holds an 18.13% stake in the company, which it acquired in Jul…
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India’s GalaxEye raises $10m Series A to launch satellite in 2025MGF–Kavachh, Speciale Invest and Mela Ventures invested.
Indian space tech startup GalaxEye has closed a $10 million Series A round, as it gears up to launch its first satellite next year. The latest funding tranche roped in MountTech Growth Fund – Kavachh as a strategic investor. MGF-Kavachh is India’s critical tech-focused fund with former Union Defence Secretary Ajay Kumar as its founder… Continue reading India’s GalaxEye raises $10m Series A to launch satellite in 2025MGF–Kavachh, Speciale Invest and Mela Ventures invested.
Fidelity, Norges among anchor investors in Swiggy IPOSwiggy’s IPO will open for public subscription from Nov. 6 to Nov. 8.
Swiggy sold shares worth $605 million to institutional investors including Fidelity and Norges on Tuesday as the food delivery firm launches a $1.35 billion IPO that will be India’s second-largest stock offering this year. Norway’s sovereign wealth fund Norges was allocated 4.46% of the portion reserved for big “anchor” investors and Nomura purchased 4.13%, while… Continue reading Fidelity, Norges among anchor investors in Swiggy IPOSwiggy’s IPO will open for public subscription from Nov. 6 to Nov. 8.
India recalls Flipkart antitrust probe report after Xiaomi complaintXiaomi argued the antitrust report contained its model-wise sales, which are sensi…
India’s antitrust body has recalled its investigation report into competition law breaches by e-commerce giant Walmart’s Flipkart, a document shows, the second such move after a report on Apple was revoked in August. China’s Xiaomi had complained to the Competition Commission of India (CCI) that the report – which found Flipkart, some of its sellers,… Continue reading India recalls Flipkart antitrust probe report after Xiaomi complaintXiaomi argued the antitrust report contained its model-wise sales, which are sensi…