Monthly Archive: January 2017

Ashok Leyland finance arm raises Rs250 crore through rights issue

Wednesday, Jan 25 2017/Live Mint/- Mumbai: Hinduja Leyland Finance Ltd (HLF), the commercial vehicle financing unit of Ashok Leyland Ltd, has raised Rs250 crore (about $37 million) from existing investors—Hinduja group entities and private equity investor Everstone Capital—through a rights…
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Muthoot Microfin raises Rs 130 crore from US-based PE firm Creation Investments

January 24, 2017/The Economic Times/- KOLKATA: Chicago-based private equity fund Creation Investments has invested Rs 130 crore in Muthoot Pappachan Group promoted Muthoot Microfin to pick up 11% stake, making the valuation of the company at Rs 1,111 crore. The…
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Kotak Mahindra sells 2.1% in South Indian Bank for Rs 60 crore

January 24, 2017/The Economic Times/- NEW DELHI: Kotak Mahindra International today offloaded 2.1 per cent stake in private sector lender South Indian Bank for an estimated over Rs 60 crore through an open market transaction. The shares were purchased by…
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Financial services group Aavishkaar-Intellecap raises Rs 166.3 crore

January 25, 2017/The Economic Times/- NEW DELHI: The Aavishkaar-Intellecap Group has raised $25 million (about Rs 166.3 crore) from two new investors, as the impact investing-to-financial advisory services group looks to expand its bouquet of services along with its presence…
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BookMyShow acquires Hyderabad-based online ticketing platform MastiTickets

January 24, 2017/The Economic Times/- BENGALURU: Online ticketing portal BookMyShow has acquired Hyderabad-based online ticketing platform MastiTickets in an undisclosed, all cash deal. The acquisition is largely targeting regional markets, specifically Andhra Pradesh and Telangana. BookMyShow already has partnerships with…
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North Eastern Carrying Corp bags Rs 400 crore Tata Steel contract

January 24, 2017/The Economic Times/- NEW DELHI: Logistic firm North Eastern Carrying Corporation today announced that it has bagged a contract worth Rs 400 crore from Tata Steel for transportation of raw materials. North Eastern Carrying Corporation has been awarded…
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