Corporate M&A
DSK on $6.6m Solara Active Pharma Sciences facility sale to Sequent Scientific Limited.
Capital Markets
Garden Reach Shipbuilders & Engineers Ltd filed a $50m IPO in October 2018, according to reports.
Capital Markets
“Indian state-run Mishra Dhatu Nigam Ltd’s initial public offering to raise 4.38 billion rupees ($67.36 million) for the government was subscribed 1.2 times,” in March 2018, according to Reuters.
Capital Markets
The government’s Bharat 22 ETF (Exchange Traded Fund) has made a follow-on offer, raising Rs 27,300 crore, according to reports.
Corporate M&A
Energy services group ENGIE has acquired a controlling stake in Simpa Energy India to fund geographic expansion and accelerate growth, hoping to further decentralise renewable energy solutions across the world and to help India transition to clean power, reported the PTI.
Private equity / VC
“Chennai-based robotics startup DeTect Technologies Tuesday said it has raised $3.3 million in a Series A funding round from a clutch of investors led by SAIF Partners as it seeks to double its workforce and expand in the UK and Europe. Existing investors Bharath Innovation Fund, Axilor Ventures and BlueHill Capital Pvt. Ltd also took part in the latest round,” reported Mint.