Deals

Rossari will be acquiring 100% of the equity share capital of Tristar Intermediates.76% of the equity share capital will be acquired upon closure of the transaction, and the balance 24% over the next three years

Late stage deals will remain a priority for VC investors, which may continue to make it difficult for early-stage companies to attract investment. Sector-wise, fintech, edtech, healthtech, and biotech will likely attract the bulk of investments

Acquirers will be undertaking significant additional due diligence to assess the effects of the crisis on the seller’s business95% of investors said they would find it very helpful to conduct ‘cultural due diligence’ prior to a deal,

This year saw just 11 deals valued at over $1 billion each against 25 in 2018Despite challenges, foreign players are still bullish on India and eager to take part in the opportunities India presents

In other news, New Development Bank (NDB), earlier known as the BRICS Development Bank, has committed $100 million to India’s National Investment and Infrastructure Fund’s (NIIF) Fund of Funds

In other news, Qatar Investment Authority (QIA) is investing $450 million (about ₹3,200 crore) in Adani Electricity Mumbai Ltd (AEML), the flagship power transmission asset of billionaire Gautam Adani

In other news, digital payments firm PhonePe Pvt. Ltd has received ₹585.66 crore ($82.5 million) from its Singapore parent

In other news, education tech startup Unacademy is in talks to raise $100 million in a Series E round at a valuation of $400 million

In other news, Canada’s largest pension fund manager Canada Pension Plan Investment Board (CPPIB) has committed to invest up to $600 million in National Investment and Infrastructure Fund (NIIF) through its master fund

In other news, Ranjan Pai’s Manipal Hospitals and billionaire B.R. Shetty-owned BRS Ventures Investment Ltd are front-runners in the race for Columbia Asia Hospitals in India