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

Rakesh Jhunjhunwala-backed John Energy to file for Rs300 crore IPO

Integrated oilfield services company John Energy Ltd, backed by India’s best known stock market investor Rakesh Jhunjhunwala, is looking to go public and will soon file its draft initial public offering (IPO) papers, reports Mint, citing three people aware of the development. Read more

Consolidation, expansion set to drive M&A activity this year: EY

Mergers and acquisitions (M&A) activity in India is expected to remain positive, driven by domestic consolidation, market share expansion and entry into new markets, according to EY’s 17th Global Capital Confidence Barometer report, Mint reports. Read more

Newgen IPO subscribed 8.16 times on last day

The Rs424.6 crore initial public offering (IPO) of software products maker Newgen Software Technologies Ltd was subscribed 8.16 times on Thursday, the last day of the share sale, reports Mint. Read more

Torrent to buy US-based Bio-Pharm

Ahmedabad-based Torrent Pharmaceuticals Ltd on Thursday announced the acquisition of Bio-Pharm Inc., a drugmaker based in Pennsylvania, US. The company did not disclose the deal size or other financial details, reports Mint. Read more

Canada’s CDPQ eyes stake in CLP India

Canada’s second largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is looking to acquire a stake in CLP India Pvt. Ltd, one of the largest foreign investors in the Indian power sector, reports Mint, citing two people aware of the development. Read more

ShareChat raises $18 million from Xiaomi Singapore, others in Series B round

Indian social media platform ShareChat, run by Mohalla Tech Pvt. Ltd, has raised $18.2 million in a Series B funding round led by Chinese smartphone maker Xiaomi Singapore and Shun Wei Capital, the company said in a statement, reports Mint. Read more

Coolpad raises $300 million from Power Sun Ventures

Handset maker Coolpad on Thursday said it has received fresh investment of $300 million from Power Sun Ventures, which the Shenzhen-based firm will use to expand its capabilities in artificial intelligence, reports PTI. Read more

Thailand’s CP Group to invest Rs1,000 crore in India over 5 years

Thailand’s Charoen Pokphand (CP) Group on Thursday said it plans to invest Rs1,000 crore over the next five years to open wholesale stores, Mint reported. Read more

Tech Mahindra to pick up 17.5% stake in Altiostar for $15 million

IT company Tech Mahindra has announced it will acquire 17.5% stake in US-based telecom software development company Altiostar Networks for $15 million in a cash deal, reports PTI. Read more

ICICI Venture to invest Rs100 crore in Go Fashion for 14% stake

ICICI Venture, the private equity arm of top private lender ICICI Bank, has agreed to purchase around 14% stake for Rs100 crore in Chennai-based Go Fashion India, the company that owns popular women’s bottom wear brand Go Colors, in what could be its first apparel retail investment in a decade, both the companies said on Thursday, reports The Economic Times. Read more

Bhushan Power’s liquidation value doubled to Rs20,000 crore

Independent experts Duff & Phelps and PricewaterhouseCoopers have revised the liquidation value of Bhushan Power & Steel upwards to Rs20,000 crore, almost double their initial estimates, barely two weeks ahead of a deadline for submission of final bids for the bankrupt company, reports The Economic Times. Read more

Siam Makro to enter cash-and-carry segment with an investment of Rs10 billion

Thailand-based retail giant Siam Makro entered the cash-and-carry segment in the country on Thursday as Lots Wholesale Solutions. With Rs10 billion in its kitty, it will take on Walmart and Metro Cash and Carry over the next five years, reports Business Standard. Read more