Mumbai-based Metropolis Healthcare Limited's initial public offering (IPO) to raise $174million was over subscribed 5.8 times at the end of the book-running process, stock exchange data showed. Of the 13.7 million shares the Indian diagnostics company intends to sell, investor CA Lotus Investments, a unit of Washington DC-based private equity...
Tampa's Syniverse, India's Tata Communications Team Up
Tampa, FL-based technology and business services provider Syniverse and Mumbai, India-headquartered Tata Communications will create the first fully-managed, end-to-end IPX network interconnection partnership where both companies will leverage each other’s IPX networks to expand the collective reach of directly connected global mobile service providers. The partnership is backed by their...
France's Danone Reenters India Market for Third Time
After exiting the Indian market twice, Danone, the French yogurt maker, is back again determined to succeed in India's dairy consumption opportunity. This time round, the company's investment arm, Danone Manifesto Ventures, acquired a stake in Mumbai-based Drums Food International that manufactures the Greek yogurt brand Epigamia. Analysts say that...
Good Food Institute to Establish Center in India
Washington D.C.-based non-profit Good Food Institute, the government of India's state of Maharashtra, and the Institute of Chemical Technology located in Mumbai will set up a Center for Excellence in Cellular Agriculture. Good Food Institute India is looking for funding of $8 million to set up a lab at the...
Global PE Firms Invest in India's Residential Realty
The residential real estate sector in India is witnessing a spurt in global investments due to regulatory changes and a more dovish monetary policy outlook. Additionally, government announced a cut in the goods and services tax charged on sales of residential properties under construction to stimulate the economy by driving up...
Matrix Partners Invest in India's Dairy Startup Country Delight
Palo Alto, CA-based Matrix Partners' subsidiary Matrix Partners India led an investment of $10 million in Guragaon-based dairy startup Country Delight. Matrix’s previous investment in the dairy space was on milk and grocery delivery startup DailyNinja. "We have been tracking Country Delight for more than a year now and have...