India’s space startups are poised for a liftoff with Finance Minister Nirmala Sitharaman announcing the government’s plan to set up a sector-focused Rs 1,000-crore (about $120 million) venture capital fund. “With our continued emphasis on expanding the space economy by 5 times in the next 10 years, a venture capital fund of Rs 1,000 crore… Continue reading Indian FM’s Budget gift for startups: Angel tax abolished, new VC fund for space sectorThe angel tax abolition is a definite game-changer for our entr…
Author: Deal Street Asia Online News
Nippon Steel to dissolve JV with China’s Baoshan after 20 years
Nippon Steel will dissolve its joint venture with China’s Baoshan Iron & Steel, it said on Tuesday, ending two decades of cooperation when their existing shareholders’ agreement expires at the end of August. Nippon Steel will transfer its 50% stake in the joint venture to Baoshan, it said. In a separate statement, Baoshan said it… Continue reading Nippon Steel to dissolve JV with China’s Baoshan after 20 years
Pakistani VC firm i2i Ventures closes debut fund, IFC commits $3m
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Toyota Motor to launch $5.16b tender offer for own shares
Toyota Motor said on Tuesday it would launch an 807 billion yen ($5.16 billion) tender offer for its own shares. The buyback comes amid a governance push by the Tokyo Stock Exchange that has prompted major companies to unwind cross-shareholdings. The practice of companies holding shares in each other has long been seen as a… Continue reading Toyota Motor to launch $5.16b tender offer for own shares
Indian carrier SpiceJet to raise $360m in latest bid to restore normalcy
India’s SpiceJet said on Tuesday it plans to raise 30 billion rupees (around $360 million) by selling securities, including shares, marking the troubled budget carrier’s latest attempt to shore up funds to restore full operations. The company will issue shares to institutional investors, it said in an exchange filing, without disclosing the price at which… Continue reading Indian carrier SpiceJet to raise $360m in latest bid to restore normalcy
Hunter Point Capital sees increased interest in GP stakes from Asian Investors amid exit challengesCurrently, the firm sees more interest emerging fro…
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Indian VC Omnivore Capital eyes SE Asia entry, nears final close of third fund
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Bain Capital beefs up private credit team in Asia Pacific
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Buyout firm L Catterton said to have made acquisition offer to Mattel
L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter said on Monday. The move could prompt other potential suitors to consider bids for Mattel, including rival Hasbro, which has become aware of… Continue reading Buyout firm L Catterton said to have made acquisition offer to Mattel
Asia digest: Jeff App raises $2m from Presto Ventures; Duke-NUS launches LIVE VenturesJeff App will use the fresh funds to expand into India and other…
Latvian financial products marketplace Jeff App has raised $2 million in a seed round while Duke-NUS Medical School has launched LIVE Ventures, a S$20 million incubation programme to accelerate the commercialisation of academic research. Jeff App raises $2m from Presto Ventures Jeff App, a Latvian financial marketplace operator with operations in Vietnam, has announced raising… Continue reading Asia digest: Jeff App raises $2m from Presto Ventures; Duke-NUS launches LIVE VenturesJeff App will use the fresh funds to expand into India and other…