Greater Noida headquartered Indian-listed IT services provider Coforge Ltd, (formerly known as NIIT Technologies )announced its intention to acquire Santa Clara, CA- based Encora Digital LLC for $2.35 billion. This acquisition, expected to close within the next six months pending regulatory approval, is important for Coforge as it seeks to...
Indian Medtech Company Valued at $6.6 Billion
Micro LifeSciences Private Limited (Meril), an Indian medical technology company founded by the Bilakhia Group, has been valued at $6.6 billion following a second investment by a foreign investor. The transaction, subject to approval by the Competition Commission of India, brings in the Abu Dhabi Investment Authority (ADIA) with $200...
Blackstone Invests $705 million in India’s Federal Bank
India’s Federal Bank announced on October 24 that it will sell a 9.99% stake to Asia II Topco XIII Pte. Ltd., an affiliate of private equity firm Blackstone, for $705 million. Once finalized, this deal will make the Blackstone affiliate the bank’s largest shareholder. The bank’s Board has also approved...
Warburg Pincus Invests $210 million in Meril LifeSciences
New York-based global private equity firm Warburg Pincus will invest $210 million for a minority stake in Micro Life Sciences Private Limited, the parent organization of Meril India’s largest medical device company. Founded by the Bilakhia family in Vapi, in the western state of Gujarat, Meril offers a diverse product...
Warburg Pincus To Invest $1 billion in India Real Estate
New York City headquartered private equity firm Warburg Pincus formed a $1 billion investment platform with Mumbai-based developer Runwal Group to develop shopping malls. Both companies will each hold a 50% stake in the platform and commit an equity capital of $200 million each. The partners will raise another $600...
Warburg and Blackstone Bullish on Real Estate in India
New York City-based private equity firm Warburg Pincus is negotiating a deal with Mumbai developer Runwal Group to invest $1 billion in real estate projects. Warburg and Runwal may each make an equity contribution of $250 million to the investment platform while the rest will be raised through leveraging. The...