India’s Bharti Telecom is planning to tap the bond market after a year‘s gap, with the company looking to raise as much as 70 billion Indian rupees ($858.32 million) through shorter-tenor bonds, according to a term sheet seen by Reuters on Thursday. The telecom operator, which holds a stake in Bharti Airtel, plans to raise funds in three tranches and has invited bids from investors on Friday, three merchant bankers… Continue reading India’s Bharti Telecom returns to bond market after a year with $850m plan
Author: Deal Street Asia Online News
Asia Digest: Filipino accelerator launches $10m fund; Choco Up, Dream Impact team up for $5m fundA-Labs said it will be running its first cohort next …
While Philippine accelerator Archipelago Labs has launched a $10-million fund for Web3 startups, Hong Kong revenue-based financier Choco Up has partnered with Dream Impact for a $5-million fund to help social-impact startups. A-Labs launches $10m fund for Web3 startups The Philippines-based startup accelerator Archipelago Labs (A-Labs) has launched a $10-million fund to back and support… Continue reading Asia Digest: Filipino accelerator launches $10m fund; Choco Up, Dream Impact team up for $5m fundA-Labs said it will be running its first cohort next …
Chinese asset manager CDH’s unit launches maiden USD-denominated QFLP fundThe QFLP fund counts IFC as one of its major investors
CDH Mezzanine and Credit, a unit of Chinese asset manager CDH Investments, has started making the first tranche of investments from its maiden USD-denominated Qualified Foreign Limited Partners (QFLP) fund, the company said in a WeChat post. The QFLP fund counts the World Bank-affiliated International Finance Corporation (IFC) as one of its major investors Go… Continue reading Chinese asset manager CDH’s unit launches maiden USD-denominated QFLP fundThe QFLP fund counts IFC as one of its major investors
Edelweiss raises $282m for maiden energy infrastructure investment trust
Edelweiss Real Assets Managers Ltd, a unit of Edelweiss Alternatives, on Wednesday said it has raised $282 million (Rs 2,300 crore) under AnZen India Energy Yield Plus Trust, its maiden energy infrastructure investment trust. The fundraising of AnZen Trust was through private placement and received an encouraging response from a diversified set of institutional and… Continue reading Edelweiss raises $282m for maiden energy infrastructure investment trust
Female-led PE firm Aliph Capital buys The Pet Shop under first fund
Abu Dhabi-based Aliph Capital, the Middle East’s first female-led private equity firm, said on Thursday it had completed a 100% buyout of UAE business The Pet Shop from Kasamar Holdings. The investment, the value of which was not disclosed, is the first under the firm’s Aliph Fund I (LP), in which Abu Dhabi sovereign wealth… Continue reading Female-led PE firm Aliph Capital buys The Pet Shop under first fund
Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
US investment fund Blackstone Inc said on Thursday it would buy a 52% stake in India’s R Systems International from the IT services company’s promoters for $359 million. Blackstone said it would pay 245 rupees per R Systems share, a premium of around 4% to the closing price on Wednesday. But, R Systems‘ shares shot up about 17% to 275.25… Continue reading Blackstone to buy 52% stake in Indian IT firm R Systems for $359mBlackstone to pay Rs245 per R Systems share, a premium of 4% to Wednesday’s closing p…
Anicut Capital co-leads $7m funding in Chargeup and India deals worth $267m
Chargeup, which provides financing and battery-as-a-service offerings, on Thursday announced that it has raised $7 million in a pre-Series A1 funding round led by Capital-A and Anicut Capital. The financing also saw the participation of investors including Ekta Kapoor, Sunil Kalra, and Sachin Mehra. Go to Source
India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Fintech lender Aye Finance on Wednesday announced that it has raised about $10.7 million (Rs 87 crore) in debt funding from Swiss impact investor BlueOrchard. Separately, corporate social responsibility (CSR) platform Goodera has raised $10 million in fresh funding. BlueOrchard invests in Aye Finance Fintech lender Aye Finance on Wednesday announced that it has raised… Continue reading India Digest: BlueOrchard invests in Aye Finance, Goodera raises $10m
Indonesian regulator orders exchanges to stop trading FTX tokens
Representations of cryptocurrencies are seen in front of displayed FTX logo and decreasing stock graph in this illustration taken November 10, 2022. REUTERS/Dado Ruvic/Illustration Reuters 17 November, 2022 Indonesia has ordered crypto exchanges in the country to stop trading the FTX tokens following its bankruptcy filing in U.S. court, the sector’s regulator said in a… Continue reading Indonesian regulator orders exchanges to stop trading FTX tokens
Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m
Shares of the already-battered Paytm dropped around 10% in morning trade on the Indian bourses on Thursday, following reports that Japanese conglomerate SoftBank Group is looking to sell shares worth $200 million. The one-year lock-in period for investors in the fintech firm, which listed on November 18 2021, will soon end. SoftBank had invested $1.6… Continue reading Shares of India’s Paytm slide as SoftBank looks to sell stake worth $200m