The International Finance Corporation (IFC) has anchored the first tranche of a $550 million investment in L&T Finance Holdings (LTFH), the financial services unit of Indian engineering conglomerate Larsen & Toubro (L&T).
BNP Paribas, Citibank, and DBS Bank also contributed to the first tranche, with IFC committing $125 million of the $275 million total. IFC’s contribution consists of a senior secured loan with a five-year...
Beijing-based MSA Capital and Al Salam Bank-Bahrain have set up a $50 million VC fund that will target cross-border opportunities between China and the Middle East and North Africa (MENA) region.
Singapore-based online consumer-to-consumer marketplace Carousell has merged with the Southeast Asia subsidiary of Norwegian telecommunications giant Telenor Group.
China Reform Holdings, a state-owned fund manager with RMB700 billion ($100 billion) in assets under management, has launched a RMB50 billion fund that will make investments in the security industry, with a particular focus on technology-enabled services.
Chinese bitcoin mining equipment manufacturer Canaan experienced a volatile first day of trading on NASDAQ after raising $90 million in a smaller-than-expected IPO.