Proparco invests Rs 1.07 billion in Avaada Energy

December 2019

PROPARCO, a French development financial institution, has made a Rs 1.07 billion equity investment in Avaada Energy Private Limited. Avaada has 405 MW of operational large-scale solar projects in India and about 1 GW of […]

Blackbuck raises Rs 560 million from Trifecta Capital

December 2019

Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]

Government to infuse Rs 10 billion equity in IIFCL

December 2019

The government is set to infuse Rs 8 billion-Rs 10 billion equity into India Infrastructure Finance Company Limited (IIFCL) to bolster its lending capability. The recent churn in the financial sector has seen private players […]

Blackbuck raises Rs 560 million from Trifecta Capital

December 2019

Logistics tech start-up Blackbuck has raised Rs 560 million (approximately $7.83 million) in a mixed equity and debt funding round from venture debt fund Trifecta Capital. Blackbuck’s board has approved allotting Trifecta 322 Series D […]

GIC exits shipping firm Mercator with big haircut

November 2019

Singapore sovereign wealth fund GIC has exited shipping company Mercator Limited with a huge haircut. GIC sold its entire 7.77 per cent stake in Mumbai-based Mercator Limited recently, taking a meagre Rs 30 million. The […]

Renew Power to raise $300 million via rights issue

June 2019

ReNew Power Limited is raising an additional $300 million via a rights issue from its existing investors, namely, Goldman Sachs, Inc., the Canada Pension Plan Investment Board and ADIA. The proceeds from the issue could […]

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