Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.

ADIA plans to expand India presence, hire country head

Abu Dhabi Investment Authority (ADIA), the world’s second largest sovereign wealth fund, is set to expand its India presence by hiring a new country head and eventually setting up an office here, reports Mint, citing two people aware of the development. Read more

Puranik Builders is said to have begun work on IPO

Puranik Builders Pvt. Ltd, a Mumbai-based residential real estate developer, has started work on its initial public offering (IPO), which could make it the first real estate company in India to go public in over seven years, reports Mint, citing two people aware of the development. Read more

Galaxy Surfactants IPO fully subscribed on Day 1

The Rs937 crore initial public offering (IPO) of speciality chemicals manufacturer Galaxy Surfactants Ltd was fully subscribed on Monday, the first day of its share sale, reports Mint. Read more

Sterlite Power buys 28.4% stake from SCPE for Rs1,010 crore

Sterlite Power on Monday said it has bought Standard Chartered Private Equity (SCPE)’s 28.4% stake in its transmission business for Rs1,010 crore. Read more

Aircel lenders led by SBI agree to restructure debt

Aircel has entered a strategic debt restructuring (SDR) process after initially reluctant lenders led by State Bank of India agreed to convert debt into equity, reports The Economic Times, citing people familiar with the matter. However, the final contours of the telecom operator’s debt recast will need approval from the Delhi high court. Read more

Dalmia Bharat set to acquire Kalyanpur Cement

Dalmia Bharat, India’s second-oldest cement company, is set to acquire Patna-based Kalyanpur Cement after lenders approved a debt resolution plan aimed at reviving the entity that used to employ more than 300 people, two people familiar with the matter told The Economic Times. Read more

Amazon’s global loss hits $2 billion in January-September on India spends

Amazon’s losses from its international business now stand at $2.1 billion for the first nine months of 2017, compared to almost $800 million in the corresponding period in the previous year, according to a presentation made to the company’s shareholders, reports The Times of India. Read more

Equitas Bank launches digital wealth management

Equitas Small Finance Bank on Monday said it has launched its digital wealth management service. Tying up with fintech startup Valuefy Solutions, Equitas SFB has created an online platform for customers to digitally invest in mutual funds and other products, reports The Times of India. Read more

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