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SoftBank sitting on modest gains from Oyo parent but Lightspeed, Peak XV strike gold

New Delhi, June 30 -- Japanese investment behemoth SoftBank will likely be sitting on modest gains on its billion-dollar bet on Oravel Stays Ltd, the Indian hospitality company behind the Oyo and Pris... Read More


Govt approves additional $3.2 bn commitment to NIIF for new funds

New Delhi, June 29 -- The Indian government has decided to double its commitment to the National Investment and Infrastructure Fund (NIIF), approving an additional allocation of Rs 30,000 crore (about... Read More


CPPIB-backed ReNew said to weigh selling solar manufacturing arm

New Delhi, June 26 -- ReNew Energy Global Plc, India's second-largest green energy company by installed capacity, could be looking at the possibility of selling its solar manufacturing business, multi... Read More


Standard Engineering to acquire majority stake in AI infrastructure firm

New Delhi, June 25 -- Hyderabad-based precision and multidisciplinary engineering company Standard Engineering Technology Ltd (SETL) has proposed to acquire a majority stake in GScale Energy Pvt Ltd, ... Read More


Enpee Group said to mull sale of solar arm RenewSys India

New Delhi, June 25 -- Transnational conglomerate Enpee Group is looking to sell its solar photovoltaic manufacturing business in India, as part of a portfolio rationalisation drive focused on shedding... Read More


Spotlight: Decoding Blackstone-backed Nexus Select Trust's 'Look East' strategy

New Delhi, June 24 -- For most of its existence, Nexus Select Trust has been a creature of India's north, west, and south. The Blackstone-backed real estate investment trust, India's first and only li... Read More


GEMS Education to float India-focused PE fund, plans 30 schools

New Delhi, June 24 -- GEMS Education (India), part of the Dubai-based Varkey Group that operates one of the world's largest chain of K-12 private schools, plans to invest up to $30 million (Rs 283 cro... Read More


Yash Highvoltage raising $16 mn from institutional investors, family offices

New Delhi, June 23 -- Yash Highvoltage Ltd, a Vadodara-based maker of high-voltage transformer bushings, has approved a plan to raise Rs 151 crore (nearly $16 million) from institutional investors and... Read More


Yash Highvoltage eyes $16 mn institutional fundraise

New Delhi, June 23 -- Yash Highvoltage Limited, a Vadodara-based maker of high-voltage transformer bushings, has approved a plan to raise Rs.151 crore (nearly $16 million) from institutional investors... Read More


JM Financial PE, Peak XV, Kae Capital log an exit with sub-par returns

New Delhi, June 22 -- The private equity arm of Mumbai-based JM Financial Ltd as well as venture capital firms Peak XV Partners and Kae Capital, will walk away from a common healthcare portfolio compa... Read More