By Ishita Russell
As a result of the acquisition, Maxximilk has become a subsidiary of Godrej Agrovet with effect from January 17, 2018.
Last year, Fairfax made a formal offer to acquire a stake in CSB valuing the bank at around Rs 1,300 crore. However, the talks failed.
InnoVen disbursed over $75m in India in 2017, marking an increasing of 25% over its deployment a year ago.
Practo, one of the well-funded start-ups in the online medical care space, competes with NetMeds and Portea. It raised $55 million in a Series D funding led by China’s Tencent Holdings Ltd in January 2017.
Backed by the promoters of Dabur India Ltd, DMI Finance focuses on corporate lending, housing finance, consumer finance and asset management.
Purchasing a stake in HPCL would help ONGC to diversify its cash flow and reduce its vulnerability to changing global crude prices.
2018-19 will see a strong cohort of startups in India as companies learn from past mistakes: GREE Ventures
“We’ll be more tech oriented, we’ll be solving real problems, and we’ll be solving local problems. All of this due to our learnings from past mistakes… I see more companies targeting the mass consumer and, more importantly, with stronger business fundamentals coming up in the next couple of years,” Nikhil Kapur, Principal, GREE Ventures, said.
Disruptive pressures such as technological innovation and digitization, will also compel players to proactively acquire capabilities that provide a competitive edge
Investment banks IDFC Bank and Keynote Capitals Ltd are advising the company on its initial share sale.
This is the first time the founders of the privately held Village Financial will dilute their ownership in the company.