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Anicut Capital closes $142 mn private credit fund

New Delhi, Dec. 24 -- Anicut Capital has completed the final close of its Grand Anicut Fund IV at Rs 1,275 crore ($142 million), marking the firm's third private credit fund. The fund was launched wi... Read More


Piramal Finance to exit Shriram Life, pocket $67 mn from stake sale

New Delhi, Dec. 19 -- Piramal Finance will sell its 14.7% stake in Shriram Life Insurance to Sanlam Emerging Markets (Mauritius) for Rs 600 crore ($67 million). The transaction is expected to close i... Read More


Japan's MUFG Bank to buy 20% stake in Shriram Finance in largest foreign NBFC bet

New Delhi, Dec. 19 -- Japan's MUFG Bank will acquire a 20% stake in Shriram Finance for Rs 39,618 crore ($4.4 billion), marking the largest foreign investment in India's financial services segment. S... Read More


True North's private credit arm invests $8.3 mn in Samtel Avionics

New Delhi, Dec. 17 -- True North's private credit vertical has invested Rs 75 crore (around $8.3 million) in aerospace and defence firm Samtel Avionics, according to a press note. The investment also... Read More


Japan's Mizuho to buy majority stake in Avendus from KKR

New Delhi, Dec. 17 -- Redpoint Investments, an affiliate of private-equity giant KKR, will sell its stake in financial services firm Avendus Capital, to Mizuho Securities Co, Avendus said in a press n... Read More


Japan's Mizuho to buy majority stake in India's Avendus from KKR

New Delhi, Dec. 17 -- Redpoint Investments, an affiliate of private-equity giant KKR, will sell its stake in financial services firm Avendus Capital, to Mizuho Securities Co, Avendus said in a press n... Read More


TPG-backed fintech platform Fibe bags $35 mn cheque from IFC

New Delhi, Dec. 9 -- Fintech platform Fibe has raised $35 million (Rs 314 crore) from the International Finance Corporation (IFC), the private-sector investment arm of the World Bank Group, in its Ser... Read More


Blacksoil Capital raises $7.2 mn from FMO, Caspian founder

New Delhi, Dec. 9 -- BlackSoil Capital has received an equity infusion of Rs 65 Crore (around $7.2 million) from Dutch entrepreneurial development bank FMO, and Caspian Debt founder Viswanatha Prasad.... Read More


Macquarie Asset appoints former Avendus exec Jhawar as India real assets head

New Delhi, Dec. 8 -- Macquarie Asset Management has appointed former Avendus executive Prateek Jhawar as head of real assets in India. Jhawar will take charge in January, the company said in a press ... Read More


Areion Asset marks first close of special situations fund

New Delhi, Dec. 8 -- Areion Asset Management, the alternative investment fund (AIF) arm of Areion Group, has completed the first close of Scheme IV under its Category I Special Situation Fund. The fu... Read More