Singapore’s Sembcorp raises stake in Indian renewable energy co to 72%


The investment is aimed at funding the company’s growth in the renewable sector in India

India: Infosys CEO Vishal Sikka resigns, Pravin Rao interim chief

Infosys said Sikka would continue “to focus on strategic initiatives, key customer relationships and technology development” and report to the company’s board in his new role.

India: Raymond buys out JV Partner; Seaways acquires IDFC stake; LiquidHub sale

While Raymond has bought out its joint venture partner in JK Ansell, while Seaways Shipping has acquired IDFC PE’s stake in the company. Also, Cognizant Technologies and Apax Parters are in talks to acquire LiquidHub. Raymond buys out JV partner’s stake in JK Ansell Raymond Ltd has bought out its joint… Read more »

India: SBI planning IPOs of two regional rural banks in next one year

SBI is planning to list Andhra Pradesh Grameena Vikas Bank and Saurashtra Gramin Bank

Startup incubator Techstars set to launch in India

Techstars said its portfolio companies have collectively raised over $3.8 billion.

India: Srei Equipment Finance plans $311m IPO by next year

The public issue is estimated to value Srei Equipment Finance at Rs7,200-8,000 crore.

People Digest: Top hires at Hammurabi & Solomon, Waterfield Advisors & CWT

In a couple of people moves in the investment ecosystem in India, Pathik Arora has joined law firm Hammurabi & Solomon Partners (H&S) as a senior partner, Kartik Kini has been appointed by Waterfield Advisors as COO even as Carlson Wagonlit Travel has elevated Bindu Bhatia as its managing director, Asia Pacific…. Read more »

Exclusive: MFI Margdarshak raises $3m debt from impact investor BlueOrchard

In May, BlueOrchard backed NBFC Aye Finance with $8 million in the form of NCDs.

India Digest: Blackstone asset sale; India Power deal; Tata Trusts invests in startups

These assets include Oxygen Boulevard and Galaxy IT Park in Noida, and BlueRidge special economic zone (SEZ) in Pune.

India: Piramal Enterprises unit acquires US-base firm Context Matters

Last year Decision Resources acquired Adaptive Software Llc for $24.5 million