Author: MNA Circle Alpha

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07 November, 2017/VCCiRCLE/- International Finance Corporation, the investment arm of World Bank, has agreed to invest $41 million (Rs 266.6 crore) in projects of Delhi-based developer Ashiana Housing. IFC will put in around $23 million across special purpose vehicles (SPVs) which are developing affordable, mid-income and senior living housing. The remaining $18 million will be…

Read More IFC to back Delhi-based developer Ashiana Housing

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10 November, 2017/VCCiRCLE/- US-based global alternative investment firm Bain Capital, state-run Life Insurance Corporation and investment management firm Capital Group will acquire Axis Bank shares and convertible warrants worth a total of Rs 11,626 crore ($1.8 billion). Mumbai-based Axis Bank will issue 172.6 million fresh preference shares and 45.4 million warrants (carrying an option to…

Read More Bain Capital to lead $1.8 bn fund infusion in Axis Bank

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02 November, 2017/VCCiRCLE/- The initial public offering of Kedaara Capital-backed Mahindra Logistics Ltd saw good turnout on the final day, while that of state-owned insurer New India Assurance did not gain much ground on the second day. The IPO of Mahindra Logistics saw a strong close to its maiden offering on Thursday as institutions and…

Read More Mahindra Logistics’ IPO covered eight times; NIA issue little changed on day 2

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03 November, 2017/VCCiRCLE/- Info Edge India Ltd, which owns job portal Naukri.com, has invested Rs 37.93 crore ($5.87 million) in a fresh round into Meritnation, its ed-tech portfolio company. In a regulatory filing, Info Edge said the new round of funding will increase its stake in the company to 65.67%. With the recent transaction, its…

Read More Info Edge ups stake in Meritnation with $5.87 mn top-up

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02 November, 2017/VCCiRCLE/- Ruchi Soya Industries Ltd said on Thursday it has agreed to sell a 51% stake to private equity firm Devonshire Capital to cut debt. The company will also sell its entire branded packaged oils distribution business to Devonshire for Rs 4,000 crore ($620 million), it said in a stock-exchange filing. The amount…

Read More Devonshire Capital to acquire 51% stake in Ruchi Soya

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02 November, 2017/VCCiRCLE/- Xander Finance Pvt. Ltd, the non-banking financing arm of alternative investment firm, The Xander Group Inc., has invested Rs 105 crore ($16 million) in a residential project of Bengaluru-based Skylark Mansions Pvt. Ltd. According to Mint, a major portion of the funding will be used to provide an exit to Motilal Oswal…

Read More Xander Finance backs Skylark Mansions project

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31 October, 2017/VCCiRCLE/- Pune-based online fashion startup Benoit Fashion has raised an undisclosed amount of funding from Deepak Nathani, founder and chief executive officer of Relfor Labs, a consumer Internet company. Nathani, who is also co-founder and former chief operating officer of technology consulting firm Cybage Software Pvt. Ltd, told VCCircle that he has picked…

Read More Cybage co-founder Deepak Nathani picks 30% stake in Benoit Fashion

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31 October, 2017/VCCiRCLE/- Private equity firm Bain Capital is looking to invest a large sum in listed private lender Axis Bank, a person privy to the development told VCCircle. The PE firm is seen as investing at least $550 million (around Rs 3,562.6 crore) in Axis Bank weeks after the private lender reported a rise…

Read More Bain Capital looks to invest in Axis Bank

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31 October, 2017/VCCiRCLE/- Mahindra Logistics Ltd has raised Rs 247 crore ($38 million) by selling shares to anchor investors including PremjiInvest, the family office of Wipro Ltd chairman Azim Premji, and Goldman Sachs ahead of its initial public offering that begins on Tuesday. The logistics arm of the diversified Mahindra Group sold 5.76 million shares…

Read More PremjiInvest, Goldman Sachs among anchor investors in Mahindra Logistics IPO

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30 October, 2017/VCCiRCLE/- Hospital chain and private healthcare services company Aster DM Healthcare Ltd and state-owned aerospace defence firm Hindustan Aeronautics Ltd besides two other firms have received regulatory approval for their initial public offerings. SSG Capital-backed Future Supply Chain Ltd and Gandhar Oil Refinery (India) Ltd have also received SEBI’s nod for an IPO.…

Read More Hindustan Aeronautics, Aster DM Healthcare get SEBI nod for IPO