The deal with Nippon Life is critical for Ambani as he tries to bolster the finances of Reliance Capital.
Reasons why asset owners prefer to shift to private equities from public markets
Anil Ambani Group to exit asset management biz, sell shares to Nippon Life
Meituan’s losses narrow; fends off rival Alibaba in food, travel segments
Ride-hailing apps will alter car ownership pattern with new services
Starbucks said to license Thai retail business to Coffee Concepts
Honestbee seeks $14m bridge financing via convertible debt at double-digit interest rates
Temasek unit to raise $598m via private equity bonds
P2P lender Funding Societies said to seek $50m in fresh funding
India: Yes Bank eyes private equity funds to raise confidence capital
Vietnamese vacation rental startup Luxstay bags $4.5m from Korean investors
The move comes at a time when the coffee behemoth is sharpening its focus on its key markets, China and the US.
Authorities in at least six countries are investigating alleged graft and money laundering at 1MDB.
DCT Gdańsk is one of the fastest growing container ports in Europe with a capacity of up to 23,000 TEUs.
Keppel’s UrbanFox Asia has set up a Vietnam entity to tap the country’s growing e-commerce market.
Huawei has been allowed to buy US goods until August 19 to maintain existing telecoms networks.
The offer was pitched at a 47 percent premium to Kidman's last closing price on May 1.
California-based CNEX is developing technology to enhance the performance of solid-state drives in data centers.
Rest of Asia
It had earlier hired JPMorgan to advise on the potential sale of the unit, Daiichi Sankyo Healthcare.
General Atlantic and Qiming Venture Partners also joined the latest funding round.
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