The State Bank of India (SBI) plans to acquire a 49% stake in troubled lender Yes Bank as part of a rescue package set to dilute the holdings of a number of private equity backers.
Existing private equity investors include WestBridge Capital and Government Pension Fund of Norway, which hold a combined 2.92% of the publicly listed entity. Previously, Malaysian sovereign wealth fund...
Abu Dhabi sovereign wealth fund Mubadala has agreed to invest INR90.9 billion ($1.2 billion) in Jio Platforms, the holding company for various internet and telecom assets owned by Indian oil-to-retail conglomerate Reliance Industries.
Bessemer Venture Partners has led an INR1.5 billion ($20 million) Series B round for teleconsultation health platform DocsApp.
Everest Medicines, a China-based biopharmaceutical company, has raised $310 million in Series C funding across two tranches.
Bespin Global, a Seoul and Beijing-based cloud management services provider, has raised RMB530 million ($74.6 million) in a Series C round from SK Telecom and existing investor DY Holdings.