The Government of India set in motion fresh initiatives to establish itself as an international shooting destination in the same league as well-established location sectors in Eastern Europe or Latin America. Authorities in 2016 established the Film Facilitation Office (FFO) with the aim "to streamline approvals for both foreign and...
Warburg Pincus Acquires Majority Stake in India's Educational Financing Company
New York City-based global private equity firm Warburg Pincus LLC announced that it had entered into a definitive agreement to acquire an 80% equity stake in Mumbai, India-based Avanse Financial Services Limited for $45 million, from the Wadhavan Global Capital group. Avanse is an education focused Non-Bank Finance Company . Since...
Carlyle Invests in Metropolis Healthcare's IPO in India
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...