NTPC to buy out govt from two hydel firms for $1.54 Bn
India’s largest power producer, govt-owned NTPC Ltd, has said it will acquire entire central govt stakes in two hydropower companies THDC India Ltd & NEEPCO for $1.54 Bn
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Kubota Corp buys 10% stake in Escorts for $139 Mn
Kubota Corporation (Kubota), a leading global tractor and machinery manufacturer from Japan, will acquire 10% equity stake, on a post capital reduction basis, in Escorts Ltd. (Escorts), a leading engineering conglomerate in India
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Market Pulse
- Mumbai-based Checkers India Technology which operates B2B platform Excess2Sell has raised $1 Mn in funding from Gautham Madhavan, an angel investor & a director at Florintree Advisors
- Pune-based IT firm Nihilent has acquired cross-disciplinary advertising platform Hypercollective, operated by Hyper Collective Creative Technologies for an undisclosed amount
- Hyderabad-based education services startup Univariety which is operated by International Educational Gateway will raise $1 Mn from Info Edge the parent of jobs portal Naukri.com
- The India team of the US-based PE firm TA Associates will acquire a stake in Accion Labs a software engineering product company focused on emerging technologies for an undisclosed amount
- Bengaluru-based SME-focused fin-tech Rupifi has raised an undisclosed amount as part of its pre-seed funding from Ashneer Grover, Kunal Shah, and other angel investors
- Bengaluru-based online grocery platform BigBasket, operated by Supermarket Grocery Supplies has fully acquired Bengaluru-based micro-delivery startup DailyNinja for an undisclosed amount