Deals Buzz: HDFC in talks to acquire Apollo Munich Health Insurance

IFMR Capital rebrands itself as Northern Arc Capital

IFMR Capital has rebranded itself as Northern Arc Capital, as the company seeks to raise its first offshore financial inclusion focused fund and expand its business outside India, reports Mint, citing a senior executive of the firm. Read more

HDFC in M&A talks with Apollo Munich

HDFC has initiated discussions for a possible acquisition of Apollo Munich Health Insurance after India’s largest mortgage company raised capital to pursue an inorganic growth strategy, reports The Times of India, citing people directly aware of the matter. Read more

Japan’s Sumitomo to take joint venture route to enter Indian realty

Tokyo-based diversified conglomerate Sumitomo Corporation is set to form a joint venture with an Indian company to build integrated township projects across the country, reports The Economic Times, citing two persons familiar with the development. Read more

Mobile wallet Oxigen Services in talks with UK investors to raise $70 million

Mobile wallet Oxigen Services is in talks with investment funds in the United Kingdom to raise about $70 million. In the past year, the company saw a lot of changes in the business model after it planned to move away from expanding its mobile wallet alone, reports Business Standard. Read more

Prestige, HDFC arm ink Rs25 billion housing tie-up to tap mid-income segment

Bengaluru-based developer Prestige Estates Projects on Wednesday entered into a partnership with HDFC Capital Advisors, the property focused fund management arm of HDFC for the mid-income and affordable housing projects, reports Business Standard. Read more