MSME

MSME

TPG-backed Manipal Revises offer for Fortis even after winner announcement

Opportunity India Desk May 15, 2018 - 2 min read

As the bidding war for India’s second-largest hospital chain shows no signs of ending, Manipal Hospital Enterprises Pvt. Ltd has revised its offer for Fortis Healthcare Ltd for a fourth time, despite the target company’s board picking a winner last week. Manipal, backed by private equity giant TPG, increased its offer ...

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Jack Ma's Ant Financial may get $10 bn backing from Carlyle Group

Opportunity India Desk May 14, 2018 - 1 min read

Alibaba’s owner Jack Ma controlled Chinese payments giant, Ant Financial is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter. The Hangzhou-based company is said ...

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Edelweiss infrastructure fund marks first close, plans to raise extra $668 mn

Opportunity India Desk May 10, 2018 - 2 min read

Edelweiss Alternative Asset Advisors Ltd has confirmed its infrastructure fund marked its first close of raising money on March 31. Edelweiss Infrastructure Yield Plus Fund, the company said, plans to raise additional $668 million (Rs 4,500 crore) over the next 12 months, having already secured $297 million, or Rs 2,000 crore.

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BlackRock, Reliance Nippon among top bidders for IDFC AMC

Opportunity India Desk May 09, 2018 - 1 min read

Global asset manager BlackRock Inc. and Reliance Nippon Life Asset Management Ltd have emerged as the top bidders for IDFC Asset Management Co. Ltd in the first round, a financial daily reported. A report from financial daily said that the potential buyers are likely to offer Rs 2,000-2,500 crore, while the ...

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Advanced Enzyme promoters raise structured debt from Avendus

Opportunity India Desk May 09, 2018 - 1 min read

Avendus Finance Pvt. Ltd, the credit solutions arm of investment banking firm Avendus Capital has provided structured debt worth Rs 108 crore (around $16 million) to the promoters of enzyme manufacturer Advanced Enzyme Technologies Ltd, the company said in a statement. Advanced Enzyme provides enzyme-based solutions for a variety of industries ...

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Trifecta Capital to raise $112 mn venture debt fund

Opportunity India Desk May 08, 2018 - 1 min read

Trifecta Capital is planning to raise its second debt fund with a target corpus of Rs 500 crore ($74 million), along with a greenshoe option to raise another Rs 250 crore, a financial daily reported. The venture debt provider is looking to mark the first close of the new fund at ...

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Disprz secures Rs 16.5 Cr funding from IL&FS, Kae Capital in Series A

Opportunity India Desk May 07, 2018 - 1 min read

The Chennai-based Disprz, which runs a software-as-a-service (SaaS) platform that helps companies deliver educational and training content, has raised a Series-A round of $2.5 million (about Rs 16.5 crore) from IL&FS Private Equity and existing investor Kae Capital. The SaaS company operated startup aims to utilize the money in enhancing its ...

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Lenskart To Invest $3 Mn in US-based reading glasses maker ThinOptics

Opportunity India Desk May 07, 2018 - 1 min read

Eyewear retailer Lenskart Solutions Pvt. Ltd has invested $500,000 (Rs 3.35 crore) in California, US-based reading glasses manufacturer ThinOptics Inc., the company said. ThinOptics, which was co-founded by Darren Lancaster in 2010, makes very slim reading glasses with no temples and, frames, that can be tweaked or molded to get the ...

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Info Edge injects follow on funding of Rs 3.43 cr into Rare Media

Opportunity India Desk May 04, 2018 - 2 min read

Info Edge (India) Ltd, which runs ad portals such as recruitment services site Naukri.com, has made a follow-on investment of $513,588 (Rs 3.43 crore) in Rare Media Company Pvt. Ltd, owner of the workforce tracker Blue Dolphin. The investment comes two years after Info Edge first invested $1.1 million (Rs 7.4 ...

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SoftBank Strives to up stakes in Ola

Opportunity India Desk May 03, 2018 - 1 min read

SoftBank Group Corp is in a boardroom battle with cab aggregator Ola co-founder Bhavish Aggarwal after the latter blocked the Japanese entity’s move to buy more shares in the Indian company, reported a financial daily citing two people aware of the development. The report said SoftBank is now in talks to ...

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