Temasek has bought 12.5% stake in Intas Pharmaceuticals, one of India's top 10 drug makers by sale, for a little over Rs 1,100 crore, people involved with the development said.
The Mumbai-based startup founded by two IIT Bombay graduates helps manufacturing companies like Cipla and Tata Rallis make their factories more efficient.
The company, founded in 2009, is in talks to acquire an unnamed company based out of Singapore for $20 million (Rs 118 crore).
PE/VC fundraising for India focused vehicles slipped to $2.25 billion across 26 funds in 2013, compared to $3.88 billion raised by 34 funds in 2012.
Nearly 98% of the new fund came from Sequoia’s existing limited partners such as university endowments, pension funds and family offices.
The expansion plans were formalised after the six-year-old company turned profitable in January, said founder Hitendra Chaturvedi.
Restaurant chain Olive Bar & Kitchen, in which Aditya Birla Private Equity fund is an investor, is looking to raise Rs180- 200 crore
Promoted by first generation entrepreneur Dhirendra Singh, Vadodara-based Manpasand could raise over Rs 300-400 crore in the issue.
Olive Bar and Kitchen is looking to raise anywhere between Rs 180 and Rs 200 crore from other private equity investors to fuel its expansion plans.
USFDA has approved Perfint's robotic device “Maxio”, which allows doctors to treat cancer by inserting a needle in the affected area.
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