EQT to acquire Brookfield-controlled IndoStar's housing finance unit
Private equity firm EQT has inked a deal to acquire a 100% stake in affordable housing finance company IndoStar Home Finance for Rs 1,750 crore, or $209.5 million, from its parent company, IndoStar Capital Finance. IndoStar Capital is controlled by Canadian alternative investment firm Brookfield Asset Management Inc. Brookfield acquired a majority ......
Aye Finance pockets Series G cheque from Temasek-backed impact investor
Aye Finance, a non-bank lender to micro, small and medium-sized enterprises (MSMEs), has raised Rs 250 crore (about $30 million) in a Series G funding round led by Singapore’s ABC Impact, the pan-Asia impact investor backed by Temasek and Temasek Trust. The UK’s development finance institution and impact investor British International Investment ......
Bajaj Housing Finance more than doubles in debut, fetches $16 bn valuation
Shares of Bajaj Housing Finance more than doubled in their trading debut on Monday, giving the company a market capitalization of 1.34 trillion rupees ($16 billion) and making it India's most valuable listed home loan financier. The blockbuster listing is the latest in India's booming IPO market that has seen over 200 companies ......
Deals Digest: PE-VC investment value doubles as EQT, Warburg sign big cheques
Private equity and venture capital firms signed several big cheques this week, pushing their total investments in Indian companies to the highest level in three months, according to data collated by VCCircle. Three deals were valued above $100 million this week while the amount invested by PE and VC firms touched ......
Blume-backed Optimo Loan may tap new international investor in fresh fundraise
Small business-focused lending startup Optimo Loan, which was launched by Easemytrip’s co-founder Prashant Pitti and is backed by venture capital firms Blume Ventures and Omnivore, is planning a second round of fundraising with a new investor also set to join its cap table, a person familiar with the matter said. The ......
Rural-focussed NBFC Moneyboxx Finance raises $21 mn
Non-bank lender Moneyboxx Finance has raised Rs 176 crore ($21 million) of capital to support growth plans, the company said in a statement. The capital raise includes Rs 63 crore raised via preferential equity issue and Rs 113 crore via equity warrants, from both promoters and non-promoters. The company focusses on impact investing ......
Bajaj Housing Finance IPO draws bids worth $39 bn
India's Bajaj Housing Finance attracted bids worth about $38.60 billion, or nearly 64 times the shares on offer, making it the most sought-after major public listing this year in a red-hot IPO market. The interest in the company's public offer -- the most this year among mainboard IPOs worth more than $500 ......
PE-backed Vastu Housing Finance secures $50 mn from US development financier
Vastu Housing Finance has received a loan of up to $50 million from United States International Development Finance Corporation (USDFC) in the form of external commercial borrowings, for a tenure of 20 years. The company will utilise the loan to enhance credit access for low income borrowers and enable women’s home ownership ......
Elivaas, Big Bang Boom, TraqCheck get funding; Stockal buys Acru
Villa and apartment management startup Elivaas, enterprise software company TraqCheck and Big Bang Boom Pvt. Ltd, a startup operating in the defence sector, have raised early-stage funding, the companies said Friday. Elivaas Elivaas, operated by Ishanee Villas Tech Pvt. Ltd, has raised $5 million (Rs 41.75 crore) in its Series A funding ......
IndusLaw's M Arun Kumar, Chowdhury switch to JSA with their teams
JSA Advocates and Solicitors has roped in two partners from IndusLaw, along with their team of several lawyers, to help strengthen its infrastructure practice at Gurugram and Hyderabad. M. Arun Kumar will take charge of JSA’s Gurugram office with a team of seven attorneys and Deepak Chowdhury will join the law firm’s ......
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