The Blackstone Group has sold down stock worth INR2.9 billion ($4.3 million) in India-listed garment manufacturer Gokaldas Exports as part of an ongoing exit from the company.
CDC Group, the UK government-owned development finance institution (DFI), has agreed to invest INR10 billion ($149 million) in IIFL Holdings’ non-banking finance company (NBFC) India Infoline Finance.
Canada’s Brookfield Asset Management has signed a preliminary agreement with the State Bank of India (SBI) to invest about INR70 billion ($1 billion) in stressed assets in India.
TPG Capital’s growth investment arm has paid $33 million for a significant majority stake in Rhea Healthcare, which operates a network of mother and child care centers in India under the Motherhood brand.
The International Finance Corporation (IFC) plans to support an accelerator fund launched by Capria Ventures – an impact investment firm sponsored by Unitus – that will focus on South and Southeast Asia, Sub-Saharan Africa and Latin America.
IIFL Asset Management has led a INR2 billion ($30 million) Series D round for online jeweler BlueStone.
ChrysCapital Investment Advisors India and Reliance Capital were among the anchor investors in L&T Infotech ahead of the IT services company’s INR12.4 billion ($184 million) Indian IPO.
New Silk Route (NSR) has exited its remaining stake in Indian logistics firm VRL Logistics.
Fairfax India, the India unit of Canada-based Fairfax Financial Holdings, has agreed to buy Mumbai-based aroma chemicals maker Privi Organics for INR3.7 billion ($55 million).
Nalanda Capital has sold shares worth INR4.4 billion ($65.1 million) in Indian industrial materials company Carborundum Universal.
Tiger Global Management will sell its stake in online jewelry retailer Caratlane for INR3.6 billion ($53 million) to jeweler and watchmaker Titan.
VC-backed Yatra Online, an Indian travel services provider, has agreed to be acquired by a special purpose US buyout firm as part of a backdoor NASDAQ listing scheme that values the company at $218 million.
Creador has committed INR1.2 billion ($17.6 million) to India-based pharmaceutical developer Corona Remedies.
KKR has agreed to invest INR5.2 bilion ($77.7 million) in Indian dairy products provider Kwality in a structured finance transaction.
Sri Lanka and Singapore-based venture firm BOV Capital has launched its maiden INR1 billion ($14.9 million) vehicle, with a mandate to invest in early-stage Sri Lankan technology companies.
CX Partners and Capital Square Partners have agreed to exit India and US-based business process outsourcing (BPO) firm The Minacs Group to US-based BPO provider Synnex.
Japanese GP J-Star has promoted Yuki Kashiyama, an investment professional in the operating team, and Tomoko Ando, who works in the administration team, to partners.
IDFC Bank, a division of Indian infrastructure lender IDFC, has agreed to buy non-banking finance company (NBFC) Grama Vidiyal Micro Finance, providing an exit for its VC backers.
Indian automobile component manufacturer Endurance Technologies has filed for an IPO, providing an exit for its investor Actis.
IIFL Asset Management and Accion Frontier Inclusion Fund have led a funding round of an undisclosed amount in Indian small retailer-focused fintech start-up NeoGrowth.
PNB Housing Finance, the mortgage lender subsidiary of India's state-run Punjap National Bank that is backed by The Carlyle Group, has filed for a INR25 billion ($370 million) IPO.
Quadria Capital has led a consortium including US-based investment firms Rising Tide and Neuberger Berman to take a stake in India’s Concord Biotech.
US venture capital firm Stripes Group has led an INR5.5 billion ($81.4 million) funding round for India’s Bigtree Entertainment, the company behind cinema and events ticketing site BookMyShow.
Tata Capital currently manages five private equity funds across different strategies. Pramod Ahuja, a partner responsible for the firm’s $240 million growth vehicle, discusses the opportunity set