By Remya Nair
CCI approval may be required even for passive investments by PE investors, if they are acquiring more than 5 per cent stake in a company, in a sector or market segment, where they already have an existing investment.
Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.
The company, which was acquired by Nath last December, will start lending operations from January 2019.
The bid is a package deal which includes a tea garden, the Amguri oil field and a hydrocarbon and SEZ asset held by ACIL.
The PIPE fund focuses on investing in listed small and medium enterprises (SME) with a market capitalization of up to ₹5,000 crore. Blue Lotus Capital was founded by S. Harikrishnan, the former managing director of SME-focused private equity fund Avigo Capital.
Matrix Partners India has invested an undisclosed sum in women-centric food and beverage brand &ME.
The core contest comes down to warehouses. Foreign-funded firms aren’t allowed to hold e-commerce inventory in India.
Paytm E-Commerce Pvt. Ltd, which runs the online marketplace, achieved $3.5 billion in annualized gross sales in June.
With the acquisition, Nazara enters the offline gaming space with interactive entertainment through VR lounges in Tier-1 and Tier-2 cities across India.
Prateek Group has raised about $39 million from Piramal Capital and Housing Finance for its housing project in Ghaziabad.