Petronet renews investment deal with US LNG developer Tellurian India’s top gas importer, Petronet LNG, has renewed its initial deal to consider investing $2.5 billion in U.S. liquefied natural gas (LNG) developer Tellurian Inc’s Driftwood project, Indian sources familiar with the matter said. Read More InCred secures Rs 500 Cr in debt led by public…
Google Invests $4.5 Bn In Reliance Jio For 7.73% Reliance Industries’ digital venture Jio Platforms has raised INR 33,737 Cr ($4.5 Bn) from global tech giant Google for 7.73% equity stake, Mukesh Ambani announced at Reliance’s 43rd Annual General Meeting (AGM). Google is investing at an equity valuation of INR 4.36 Lakh Cr. Read More…
ADIA renews interest in Jio Digital Fibre Abu Dhabi Investment Authority (ADIA) has revived talks to invest close to $1 billion (about Rs 7,500 crore) in Reliance Industries’ infrastructure investment trust (InvIT) Jio Digital Fibre for up to 25% stake, people aware of the matter told The Economic Times. Read More BP pays Reliance $1…
Haldia Petrochemicals, Rhone Capital jointly acquire US-based Lummus for $2.7 bn Haldia Petrochemicals Ltd, majority-owned by The Chatterjee Group (TCG), together with global private equity firm Rhone Capital, has acquired Texas-based Lummus Technology for an enterprise value of $2.725 billion. Read More Bharti-British govt consortium wins bid for satellite company OneWeb A consortium of billionaire…
BigBasket Looks To Raise $350 Mn At $2 Bn Valuation To Fight Jio-Facebook Online grocery delivery platform BigBasket is looking to raise $250 Mn to $300 Mn from both new and existing investors at a valuation of $1.5 Bn-$2 Bn, the company’s co-founder Hari Menon confirmed. The company reportedly wants to keep its inventory ready…
India’s Reliance Jio Platforms to sell $1.5 billion stakes to Saudi Arabia’s Public Investment Fund Billionaire Mukesh Ambani has found yet another high-profile firm to write a massive check to his telecom venture Reliance Jio Platforms at the height of a global pandemic. Read More o9 Solutions startup raises $100 M from KKR, plans to…
Dr Reddy’s tweaks deal with Wockhardt on Covid-19 impact Dr. Reddy’s Laboratories Ltd said on Wednesday it has bought a plant as well as select divisions of Wockhardt Ltd’s branded generics business in India, Nepal, Sri Lanka, Bhutan and the Maldives. Read More US-based startup Postman raises $150 Mn in Series C round at $2…
Amazon in talks to buy $2-bn stake in Bharti Airtel Amazon.com is in early-stage talks to buy a stake worth at least $2 Bn in Indian mobile operator Bharti Airtel, three sources with knowledge of the matter told Reuters, underscoring the growing attraction of India’s digital economy for U.S. tech giants Read More Abu Dhabi’s…
IndoStar Capital Finance raises $162 Mn from Brookfield With this investment, Brookfield will become a co-promoter with 24.6% stake, along with IndoStar Capital Mauritius having 45.2% holding at present Read More Serum Institute parent sells Czech unit to Novavax for $167 mn Cyrus Poonawalla Group, the parent of vaccine developer Serum Institute of India has sold a…
Reliance’s Jio Platforms raises $1.5B from private equity giant KKR The investment follows significant fund infusions in Jio Platforms from Facebook ($5.7 Bn), Silver Lake Partners ($747 Mn), Vista Equity Partners ($1.5 Bn), and General Atlantic ($870 Mn) Read More Abu Dhabi’s ADQ announces new $300m VC fund to invest in Indian startups ADQ has…
