Tata Teleservices and SREI group are planning to sell their stake in JV – Viom Networks and are in talks with Sumitomo Corporation of Japan and private equity company TPG Partners.
In Sept,the company ran into controversy over charges of financial irregularities after a former company secretary alleged that the Kanorias of the Srei Group diverted funds to the tune of R300Cr to some private institutions.
The clinical-stage specialty bio-pharmaceutical company Vyome Biosciences Private Limited has raises $14 million in Series-C financing round. The financing round was led by a prominent New York based life sciences fund Perceptive Advisors. Apart from that the funding round saw participation of a Boston-based venture capital Romulus Capital along with existing investors.