DMI Finance has acquired 16% stake in Alchemist Asset Reconstruction Company. The terms of the transaction were not disclosed, however according to a report on ET, the deal size is estimated to be about R32Cr.
Alchemist ARC is in the business since 2002. It claims to have over 100 years of cumulative experience in the banking domain across international and domestic banks such as Citigroup, SBI, ICICI, Dhanalaxmi, and Bank of Tokyo- Mitsubishi.
Inter-city cab rental platform MyTaxiIndia Pvt. Ltd has raised $1 million (around Rs 6.65 crore) in a bridge round of funding from existing investor Nihon Kotsu Co, an 88 year old and leading taxi rental company in Japan.