US based EnerSys has acquired 50.5% stake in Hyderabad-based Energy Leader Batteries India Private Limited, a VRLA battery manufacturer through its Singapore subsidiary - EnerSys Reserve Power Pte. Ltd.
Akasam Consulting Private Limited was the sole advisor to Energy Leader Batteries for this transaction.
Incorporated in 2007, Energy Leader Batteries manufactures valve-Regulated-Lead Acid (VRLA) Batteries for industrial applications. The company offers VRLA batteries for Telecom industry (fixed line operators, cellular service providers, switch & exchange OEMs) and Railways.
Car rentals and cab hire services provider – Olacabs has raised series A funding from Tiger Global Management. The funds raised will be used for to scale up operations nationally and further strengthen its technology platform.