Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country.
Private equity industry seeks changes in tax regime to boost inflows
Allowing losses at the end of the fund life to be passed on to investors, considering the cost of management effort in calculating profit from the sale of an asset, and creating a taxation regime for hedge funds—are among demands of the private equity and venture capital (PE/VC) industry ahead of the Union budget. Read more
Reliance AIF launches 2 equity-focused funds
Reliance AIF Asset Management Co. Ltd has launched two new equity-focused alternative investment funds (AIFs) across which it plans to raise Rs1,000 crore, reports Mint, citing a company executive. Read more
Shubham Housing raises Rs305 crore from PremjiInvest, Helion, Elevar
Shubham Housing Development Finance Co., which provides housing loans to families with informal incomes, has raised Rs305 crore in a series D round of funding, reports Mint, citing a senior company executive. Read more
Pocket Aces acquires quiz game app Loco
Sequoia Capital-backed digital media company Pocket Aces on Tuesday said it acquired trivia game show app Loco which allows users to log in to play a live quiz game. Winners can get as much as Rs10,000 as credit in their Paytm wallets, reports Mint. Read more
Sequoia plans largest India fund at $1 billion
Chip venture capital firm Sequoia Capital is preparing to raise up to $1 billion for its sixth India-focused fund, reports The Economic Times, citing four people familiar with the development, making it the largest corpus raised for the domestic market. Read more
Affordable housing now a ‘major theme’ among private equities
Private equity firms’ interest towards affordable housing is on the rise and is expected to increase in the backdrop of the government’s push for this segment and housing for all, reports The Economic Times. Read more
ArcelorMittal opts out of Bhushan Power & Steel race
ArcelorMittal, the world’s largest steel producer, has withdrawn from bidding for bankrupt Bhushan Power & Steel after it conducted due diligence on the Indian company, reports The Economic Time. Read more
Unilever invests Rs19 crore in startup Milkbasket
Unilever Ventures, the investment arm of consumer packaged goods giant Unilever, has invested around Rs19 crore in Gurgaon-based microdelivery grocery startup Milkbasket, upping its stake in small- and medium-sized domestic companies to gain insights into consumer behaviour and disrupting technology in India, reports The Times of India. Read more