Punjab National Bank to buy stake in NARCL

June 2021

The government-owned Punjab National Bank (PNB) will acquire a stake in the soon-to-be-set-up National Asset Reconstruction Company Limited (NARCL). PNB has already identified non-performing assets (NPAs) worth Rs 80 billion to be transferred to the […]

CPPIB to buy extra stake in IndInfravit Trust

May 2021

The Canada Pension Plan Investment Board (CPPIB) has announced the acquisition of an additional 15.9 per cent stake in IndInfravit Trust through two transactions, bringing its total holding in the InvIT to 43.8 per cent. […]

NIIFL receives $100 million investment from NDB

March 2021

National Investment and Infrastructure Fund Limited (NIIFL) has announced a commitment of $100 million from the New Development Bank (NDB) in the NIIF Fund of Funds (FoF). With NDB’s investment, the FoF has secured $800 […]

Blackstone closes in on Embassy Industrial Parks

March 2021

Private equity major Blackstone Group is looking to acquire Embassy Industrial Parks from Warburg Pincus and the Embassy Group at an enterprise valuation of $700 million (Rs 51 billion). The transaction among Blackstone, Warburg Pincus […]

Logistics firm eBikeGo raises pre-Series-A funding

March 2021

eBikeGo, an electric vehicle-based last-mile logistics firm, has raised $1.5 million (around Rs 110 million) in a pre-Series A fundraising exercise. The Mumbai-based eBikeGo has raised this capital from a cluster of new and existing […]

Welspun One Logistics Parks rolls out debut fund

February 2021

Welspun One Logistics Parks has launched its debut alternative investment fund (AIF) focused on warehousing in India. The fund, Welspun One Logistics Parks Fund I, has a target corpus of Rs 5 billion with a […]

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