VP Weekly | 24th Nov ’19
Indian Government will sell minor stakes in Bharat Petroleum for $16 Bn
The Indian Government will sell its minor stake in Bharat Petroleum to Container Corporation of India and Shipping Corporation of India for $16 Bn
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Essel Group sells 16.5% stake in Zee Entertainment to financial investors for $678 MnOppenheimer fund others will acquire a 16.5 % stake in Zee Entertainment Enterprises from Essel Group for $678 Mn
Startup News Snippets
M&A News
Market Pulse
- Mumbai-based financial services group Centrum has acquired the business operations of New Delhi-headquartered microlender Altura Financial Services for an undisclosed amount
- Tulip Diagnostics, an in-vitro diagnostic firm, has acquired Mumbai-based Biosense Technologies, a medical devices maker, for an undisclosed amount
- S4 Capital, the digital advertising and marketing services company has acquired Delhi-based content creation and production house WhiteBalance for an undisclosed amount
- Delhi-based fintech startup, Quikkloan has raised an undisclosed amount in seed funding from angel investors including Arun Diaz, Aasif Ahsan Khan and Sanjay Budhwar
- Telangana-based early-stage life sciences startup Telluris Biotech India has raised $4 Mn funding from Innovation in Food and Agriculture Fund
- Gurugram-headquartered customer engagement platform EasyRewardz has raised an undisclosed amount of Series B funding from Walmart-owned ecommerce player Flipkart
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