BackDeals Buzz: SoftBank in talks with Paytm Mall for Rs3,000 crore round
In other news, Ola is in talks with Singapore's sovereign wealth fund Temasek and other investors to add $500 million-$1 billion to its war chest
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Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.
Carlyle, Advent to submit bids for stake in Mankind Pharma
Private equity funds Carlyle Group and Advent International are poised to submit binding offers to buy a minority stake in Mankind Pharma Ltd, reports Mint, citing two people familiar with the matter. Read more
Bharat Dynamics files for IPO that may see govt raise Rs600 crore
Public sector unit Bharat Dynamics Ltd on Monday filed the red-herring prospectus for its initial public offering (IPO), which the company plans to launch in the coming weeks, reports Mint, citing two people aware of the development. Read more
Hotelogix raises funds from Vertex Ventures, others
Hotelogix, a cloud-based hotel property management solutions provider, said on Monday that it has raised $5 million in a round led by Vertex Ventures. Early investors Accel Partners and Saama Capital also invested in the round. Read more
Chatbot developer Anaek raises seed funding from Matrix Partners India
Anaek Inc., a startup which develops chatbots, has raised an undisclosed amount in seed funding from Matrix Partners India, the company’s co-founder Kanav Abrol said in an interview to Mint. Read more
Avendus invests Rs63 crore in ad services firm Ad2Pro
Avendus Finance Pvt. Ltd, the non-banking financial services arm of investment bank Avendus Capital, has invested Rs63 crore as structured debt in advertising services firm Ad2Pro Media Solutions Pvt. Ltd, two people aware of the development said on Monday. Read more
Ola in talks with Temasek to add up to $1 billion to war chest
India’s largest ride-hailing application Ola is in talks with Singapore’s sovereign wealth fund Temasek and other investors to add $500 million-$1 billion to its war chest, reports The Economic Times, citing people familiar with the development. Read more
Last year in October, Mint reported that Ola has raised $1.1 billion in fresh funding from China’s Tencent Holdings Ltd and existing investor SoftBank Group Corp. of Japan, paving the way to raise another $1 billion from existing and new investors, thus rounding off what may turn out to be a $2 billion funding round. Read more
Japan’s Softbank is already an investor in Ola. Prior to this round, Ola received at least Rs2,345 crore from SoftBank Group.
Azim Premji joins hands with Prudential for Star Health stake
US insurer Prudential and Indian billionaire Azim Premji are joining forces to challenge a consortium of WestBridge Capital and Kedaara Capital, besides others, in the fight for a controlling stake in Star Health and Allied Insurance, reports The Economic Times. Read more
SoftBank in talks with Paytm Mall for Rs3,000 crore round
Japan’s SoftBank is in advanced talks to lead a new round of funding of Rs3,000 crore in Paytm Mall, reports The Economic Times, citing two sources familiar with the development, as the latter beefs up its fund-raising to take on rivals Flipkart and Amazon. Read more
HDFC raises Rs18.94 billion via share sale to global investors
Housing finance major HDFC today said it has raised Rs18.93 billion through an issue of shares to global institutional investors, reports PTI. Read more
On 5 March, Mint first reported that HDFC Bank Ltd is looking to launch its equity share sale of up to $2.5 billion (around Rs15,000 crore) in a fortnight, while HDFC Asset Management Co. Ltd (HDFC AMC) will be filing its draft initial public offer (IPO) papers, citing three people aware of the developments. Read more
IndusInd Bank invokes 60 million pledged shares of Jaypee Infratech
IndusInd Bank has invoked 60 million pledged shares, which make up about 4.32% stake, of the crisis-hit Jaypee Infratech, reports PTI. Read more
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