"Bharti Airtel Ltd, India’s largest telecom service provider, on Monday said that it has acquired a strategic stake in digital publishing platform Juggernaut Books," reported Mint.

“Portea Medical has raised series C funding of $26 million led by new investors Sabre Partners and MEMG CDC. Portea’s existing investors Accel, International Finance Corporation (IFC), and Qualcomm Ventures also participated in this round. Avendus Capital provided financial advisory services to the latest funding round in Portea,” reported MediaNama.

KKR India Asset Finance, the realty-focused investment unit of global PE Firm KKR & Co. have invested INR 500 crores (USD 82 million) in a township project of the Bangalore-based Bhartiya City Developers Group by extending a term loan facility, as reported by Mint.

Trigyn Technologies, a company listed on the BSE and the NSE, has informed the Exchange regarding the scheme of reduction of share capital in the securities premium account has been approved by the NCLT by writing off the losses accumulated in its balance sheet against the amounts standing to the credit of the securities premium account of the company, as reported by Reuters.

Shardul Amarchand Mangaldas advised and acted as the legal counsel for Axis Bank and was led by the private equity group of their general corporate practice team for all the legal aspects of the transaction. The transaction team was led by executive chairman Shardul Shroff, Mumbai-based regional practice head Raghubir Menon (M&A and PE, General Corporate), partners Abhishek Guha, Yogesh Chande, and senior associates Ankit Kejriwal and Anwesha Haldar, associates Kanwardeep Kapany, Gaurav Malhotra and Keegan Pavrey.

Vodafone India, Vodafone Mobile Services and Idea Cellular have announced their proposal separately to sell their standalone telecom tower businesses to ATC Telecom Infrastructure, a majority-owned subsidiary of American Tower Corporation for about INR 7,850 crores ($1.2 billion), as reported by Mint. The transaction is subject to customary closing conditions and receipt of necessary regulatory approvals.

The promoters of Mumbai-based Donear Group have announced the acquisition of OCM Woollen Mills from its existing owner, a private equity fund house, as part of the strategy to consolidate their top position in Indian textiles industry, as reported by The Economic Times. OCM is one of India’s best-quality manufacturer of premium range of high-quality all-wool and wool-blended worsted suiting fabrics.

“The Rs 1,001 crore initial public offer has received good response from investors, with the issue getting oversubscribed 2.28 times. It was the first IPO by a power exchange in the country.”, reported Moneycontrol. IEX is India’s premier power trading platform and provides an automated platform for physical delivery of electricity, enables efficient price discovery and offers participants the opportunity to trade in a variety of energy products. The issue opened for subscription during October 9-11, with a price band of Rs 1,645-1,650 per share and debuted on the bourses on October 23rd.

KKR India Financial Services, Indian non-banking financial company of US private equity firm KKR & Co, has extended debt of Rs 125 crore (USD 19 million) through a three-year credit facility to Accord Builders, a part of the Mumbai-based Omkar Realtors group, as reported by The Economic Times & Mint. The funds are to be utilised for construction and development of two residential projects in Mumbai.

India Infrastructure Finance Company Limited (IIFCL) has said to have provided a term loan of Rs. 156 crore (USD 23.8 million) to Gurugram based Mihit Solar Power under its Takeout Finance Scheme, for substituting the outstanding principal amount of the loan sanctioned by L&T Infrastructure Finance, for the purpose of developing and commissioning a 74 MW Solar Power Project in Mansa District, Punjab.

Subhash Chandra-owned, Essel Finance Management, the financial services arm of the Essel Group has acquired the controlling stake of insurance policy aggregator Bimadirect, operated by Coretree Insurance Brokers (India) for an estimated amount of Rs. 25-30 crores (approximately $3.8 - $4.6 million), as reported by The Economic Times & VC Circle. The deal will see Essel Finance paying 75% of the deal amount upfront, and the rest over a period of two years.

“The Rs 1,157-crore initial public offer (IPO) of Godrej Agrovet (GAVL) was subscribed 51.84 times times on the final day of bidding process”, reported The Economic Times. GAVL is a diversified, research & development focused agri-business company with operations across five business verticals of animal feed, crop protection, oil palm, dairy, and poultry and processed foods. The initial public offering opened for subscription on October 4th and closed on October 6th, with a price band of Rs 450-460 per share.

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