Private equity firms seek anti-trust exemptions from India’s competition watchdog


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.

Indian e-commerce biggie Flipkart targets $1.7b from Big Billion Day sales

Flipkart typically generates most of its business during Big Billion Days from high-value categories such as smartphones and large appliances.

Former Religare CEO Shachindra Nath raises $142m for NBFC Chokhani Securities

The company, which was acquired by Nath last December, will start lending operations from January 2019.

Dilip Shanghvi-led Sun Petrochemicals joins race to buy Assam Oil Company

The bid is a package deal which includes a tea garden, the Amguri oil field and a hydrocarbon and SEZ asset held by ACIL.

Blue Lotus Capital hits final close of $35m for PIPE fund

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.

India Digest: Matrix backs F&B brand &ME; CarDekho parent acquires PowerDrift

Matrix Partners India has invested an undisclosed sum in women-centric food and beverage brand &ME.

India’s proposed e-commerce policy may pose Reliance as Amazon’s strongest rival

The core contest comes down to warehouses. Foreign-funded firms aren’t allowed to hold e-commerce inventory in India.

India: Paytm E-Commerce aims to hit $10b in gross sales by March next year

Paytm E-Commerce Pvt. Ltd, which runs the online marketplace, achieved $3.5 billion in annualized gross sales in June.

IPO-bound Nazara invests in gaming firm InstaSportz, takes minority stake

With the acquisition, Nazara enters the offline gaming space with interactive entertainment through VR lounges in Tier-1 and Tier-2 cities across India.

India Digest: Prateek raises $39m; Oyo eyes valuation of $4b; Ebix earmarks $500m for M&As

Prateek Group has raised about $39 million from Piramal Capital and Housing Finance for its housing project in Ghaziabad.