Author: Deal Street Asia Online News

Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…

Indian drugmaker Mankind Pharma Ltd on Thursday said it has signed a deal to buy Bharat Serums & Vaccines Ltd (BSV), from private equity firm Advent International for Rs 13,630 crores ($1.63 billion). The deal will help Mankind expand into the Indian women’s health and fertility drug market besides giving it access to other high-entry… Continue reading Mankind Pharma to buy Bharat Serums from PE firm Advent International for $1.6bDeal paves way for Mankind to expand into the women’s health and fertil…

Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets

PT Energy Selalu Baru (ESB), the Indonesian electric vehicle (EV) maker behind the two-wheeler brand Volta, plans to expand its business to Malaysia, Thailand, and Vietnam, a senior executive said. ESB is a subsidiary of the Indonesia Stock Exchange-listed PT NFC Indonesia Tbk (NFCX), part of MCASH Group. “We believe with our experience, we can… Continue reading Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets

Ola Electric suspends India car project to focus on scooters, bikes: report

India’s IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its e-scooter business, two people with direct knowledge of the decision said. Ola’s founder Bhavish Aggarwal laid out plans in 2022 to launch an electric sports car with an all-glass roof in two years that could… Continue reading Ola Electric suspends India car project to focus on scooters, bikes: report

Grab calls off proposed acquisition of Singapore taxi operator Trans-cab

Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer Commission of Singapore (CCCS) said in the statement on Thursday evening that both Grab and Trans-cab had notified it on July 22… Continue reading Grab calls off proposed acquisition of Singapore taxi operator Trans-cab

BPEA Credit commits $30m to Indian precision manufacturer DMW GroupThe funds will be used by DMW Group for its capex and working capital needs.

Asian mid-market performing credit platform BPEA Credit has committed to investing Rs 250 crore ($29.8 million) in DMW Group, a precision manufacturer of components for the automotive, agricultural, aerospace, flow control, and railway sectors. DMW recently bought a controlling stake in a foundry business to integrate backwards into the value chain and increase the overall… Continue reading BPEA Credit commits $30m to Indian precision manufacturer DMW GroupThe funds will be used by DMW Group for its capex and working capital needs.

Asia Digest: GoTo launches merchant app; India’s Jio partners MediaTek

GoTo Financial, the financial technology arm of GoTo, has launched GoPay Merchant app, while India’s Jio has teamed up with Taiwanese fabless semiconductor giant MediaTek to supply digital dashboards for electric scooters. GoTo Financial launches GoPay Merchant GoTo Financial, the financial technology arm of GoTo, on Thursday announced the launch of the GoPay Merchant app… Continue reading Asia Digest: GoTo launches merchant app; India’s Jio partners MediaTek

3D Investment Partners offers to take Tohokushinsha private in $575m dealThe Singapore-based investment firm holds around 18% stake in the Japanese fi…

3D Investment Partners has offered to become a majority shareholder in Japanese film company Tohokushinsha and take it private in a deal that values the company as much as $575 million. The Singapore-based investment firm, which holds some 18% of Tohokushinsha, has proposed a purchase price of 600-650 yen per share, it said in a… Continue reading 3D Investment Partners offers to take Tohokushinsha private in $575m dealThe Singapore-based investment firm holds around 18% stake in the Japanese fi…

India Digest: Acko acquires OneCare; Captain Fresh buys Poland’s Koral

Acko General Insurance has acquired digital chronic care management company OneCare in an all-cash transaction. In a separate development, seafood supplier Captain Fresh has acquired Koral, a Polish producer and distributor of branded salmon products. Acko General Insurance buys OneCare Multiples Private Equity-backed Acko General Insurance has acquired digital chronic care management company OneCare in… Continue reading India Digest: Acko acquires OneCare; Captain Fresh buys Poland’s Koral