SPACs Look to India for Next Wave of Targets, Nomura Says
Blank-check companies are increasingly looking to India for acquisition targets, which will keep the country’s recent dealmaking streak going, according to Nomura Holdings Inc. ReNew Power last week agreed to merge with a U.S.-listed special purpose acquisition company in a deal that will give India’s biggest renewable power producer an enterprise value of $8 billion. […]
Blackstone Said Buying Warburg Pincus India Logistics JV for $700M
Already India’s largest office landlord, Blackstone may soon become the country’s biggest warehouse owner through the purchase of a 22 million square foot (2 million square metre) logistics joint venture, according to local news reports. Having acquired more than 1 billion square feet of warehouses globally over the past decade, Blackstone is said to be […]
Venture capital funding in India hits $3.1 billion in fourth quarte: KPMG
This compares to $3.6 billion in the previous quarter, said a KPMG report With 294 deals, venture capital investment in India reached $3.1 billion in the fourth quarter of 2020, compared to $3.6 billion in the previous quarter, said a KPMG report. While VC investment dropped somewhat during the fourth quarter of 2020, India saw […]
India retail king Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute
India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. Future and Amazon are at loggerheads over the Indian group’s August deal with Reliance Industries Ltd. The U.S. giant alleges […]
AMP Capital establishes Indian energy transmission platform with Sterlite Power
Global investment manager AMP Capital has established a 50/50 partnership with Sterlite Power Transmission Limited (Sterlite Power) for the development of energy transmission projects in India. This marks the first investment in India for AMP Capital’s global infrastructure equity strategy. AMP Capital and Sterlite Power will each invest an initial amount of approximately USD150 million […]
