“Zee Entertainment Enterprises picked up about 12.5 % stake in Bengaluru-based Tagos Design Innovations,” reported Inc42.

“The Pune Municipal Corporation (PMC) today raised Rs 200 crore by selling 10-year bonds, becoming the first civic body to tap money from this route in 14 years. Proceeds from the issue, raised at a coupon of 7.59 per cent and oversubscribed six times, will be used for a Rs 2,300-crore water project,” reported PTI.

Intertape, the Canadian packaging company with executive headquarters in Sarasota County, announced Thursday it is making a “greenfield” investment in Capstone Polyweave Private Limited, which plans to build a $30 million manufacturing facility in Karoli, India. Capstone’s shareholders also own and operate Delhi-based Airtrax Polymers Private Limited, which manufactures and sells woven products that are used in the building and construction industry. Airtrax posted $11 million in revenues for the year ended March 31.

Ostro Energy is in the process of acquiring a 49% stake in a 60 MW NTPC Project in the state of Rajasthan. Suzlon will be responsible for the project commissioning, expectedly by September 2017.

Fast food chain Wow! Momo today said it has raised Rs 44 crore in Series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based firm said in a statement. Besides, it also provided “a highly profitable” exit to the tune of Rs 10 crore to some of the IAN investors who decided to sell their shares partly/completely to Lighthouse, it added.

“Awfis Space Solutions, a start-up that provides shared workspaces, has raised $20 million from Sequoia Capital India to fund its expansion plans.” reported Mint.

“Paint manufacturer Berger Paints India Ltd has completed the acquisition of specialty coatings maker Saboo Coatings Pvt. Ltd, it said in a stock-exchange filing on Tuesday. It acquired Saboo Coatings’ shares for Rs 81.77 crore”, reported VCCircle.

“Drug firm Strides Shasun today said it has inked a pact with Vivimed Labs to set up two joint venture firms,” reported PTI.

The CLIENT:: State Bank of India (SBI);; is planning to raise Rs 15,000 crore in capital through a qualified institutional placement (QIP) of 54.4 crore equity shares, reported Bloomberg Quint.

Otsuka Pharmaceutical Factory, Inc, a leading Japanese pharmaceuticals manufacturing company, has announced a proposal to acquire an additional 20% stake from its joint venture partner, Claris Lifesciences Limited for a consideration of about Rs 128.9 crores (US$20 million) in its existing Indian joint venture, Otsuka Pharmaceutical India Private Limited, as reported by Business Standard.

Angel Investors, The Chennai Angels and Lets Venture have made an investment of Rs. 3 crores in Pre Series A Funding in Netree E-services Pvt. Ltd, engaged in creating a retailer oriented networking platform, as reported by Business Standard.

“Police will book five men including a tourist guide for alleged gang-rape of an American woman at a five-star hotel in Delhi in March,” reported the Hindustan Times in December adding, “The woman has said the tourist guide befriended her while showing her tourist spots in Delhi and adjoining states. The woman said on the night of the incident, he entered her room with four of his friends, also related to the travel agency, on the pretext of discussing their next day’s journey route plan. They had drinks in the room after which the tourist guide forced himself on her, she said. The others also took turns to rape her before leaving the room, said a source familiar with the complaint. The traumatised woman went back to the US shortly after the alleged gang-rape, the complaint read.”

VPC GmbH has acquired 50% controlling stake in Encotec Energy (India) Pvt. Ltd for an approximate value of Rs. 14.43 crores (€2 million). Encotec offers operation management for power plants, supply of photovoltaic systems and trading of Chinese power plant spare parts.

“Private equity firm Warburg Pincus LLC part-exited Capital First Ltd by selling a 25% stake in the non-banking financial company (NBFC) through open market transactions on Wednesday, according to a stock exchange filing. Cloverdell Investment Ltd, an affiliate of Warburg Pincus, sold the stake to marquee global and domestic investors, including Singapore’s sovereign wealth fund GIC,” reported Mint.

The President of India recently sold 10.19% of shares in HUDCO for Rs 1,209 crores ($188m) in an IPO in India and concurrent private placements outside the country (including a Rule 144A offering in the United States), as reported by The Times of India.

Mswipe Technologies Private Limited, a mobile point of sale (POS) service provider, is to acquire the offline merchant-acquisition point-of-sale (POS) vertical business of PayU Payments Private Limited, as reported by Medianama and others.

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