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Avenue Capital-backed ARCIL names new managing director and CEO

New Delhi, March 9 -- Avenue Capital-backed Asset Reconstruction Company (India) Ltd, or ARCIL, has appointed Phanindranath Kakarla as its new chief executive officer and managing director, the compan... Read More


Arnya Real Estates, Supreme Universal hit first close of joint fund

New Delhi, March 9 -- Arnya Real Estates Fund Advisors and real estate developer Supreme Universal have marked the first close of their platform, Arnya Real Estate Fund - Equity, at Rs 1,030 crore ($1... Read More


Bertelsmann India Investments, Fireside top up bets on Rozana in Series B round

New Delhi, March 6 -- Rozana, an omnichannel retail platform focused on rural areas, has raised Rs 290 crore (around $31.6 million) in its Series B funding round led by existing venture capital invest... Read More


Investcorp raises $1.25 bn for second GP staking fund

New Delhi, March 6 -- Investcorp Strategic Capital Group (ISCG), the GP staking arm of global alternative investment firm Investcorp, has marked the final close of its second vehicle in the series col... Read More


KKR-controlled EuroKids operator Lighthouse taking over Gurugram preschool

New Delhi, March 5 -- Lighthouse Learning Group, the Indian preschool and K-12 education company controlled by US-based private equity firm KKR, is strengthening its early childhood offerings by acqui... Read More


US cosmetics major Estee Lauder to fully acquire India's Forest Essentials

New Delhi, March 5 -- US-based cosmetics maker The Estee Lauder Companies Inc. will acquire the 51% stake it doesn't already own in Indian personal care and beauty brand Forest Essentials, the compani... Read More


DEG, Citi extend $76 mn loan to Shriram Finance

New Delhi, March 5 -- Germany's Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and Citi have jointly provided a $76 million (around Rs 696 crore) co-financing package to Shriram Finance. U... Read More


Cheerio AI, Peping secure early-stage funding

New Delhi, March 5 -- AI-based customer engagement platform Cheerio AI and gut health brand Peping have raised funding in separate early-stage rounds. Cheerio AI Cheerio AI has raised Rs 8 crore ($0... Read More


Motilal Oswal Home Finance inks $100 mn debt finance deal with ADB

New Delhi, March 5 -- Motilal Oswal Home Finance has entered into an agreement to raise $100 million (around Rs 916 crore) from the Asian Development Bank. As a part of the agreement, the Asian Devel... Read More


Blackstone-backed REIT's manager settles allegation of norms violation with SEBI

New Delhi, March 5 -- Nexus Select Mall Management Pvt Ltd, manager of the Blackstone-backed real estate investment trust (REIT) Nexus Select Trust, has settled allegations of violating REIT regulatio... Read More