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Mergers & Acquisitions | 21 September 2012

ETA Star To Exit BITS Dubai Campus JV

by Vivek Singh
ETA Star To Exit BITS Dubai Campus JV
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BITS Pilani is close to buy out its partner ETA Star Group's stake in Dubai Campus for R100 Cr. The institute is planning for an expansion to reinvent itself as a teaching and research institute, according to ET.

BITS Pilani will take over the rights to manage the infrastructure for the Dubai campus. The buy-out will lead to exit for ETA star from Dubai JV.

Essar Ports Re-finances Debt Through IIFCL's Takeout Finance Scheme

Essar Ports Re-finances Debt Through IIFCL's Takeout Finance Scheme

Essar Ports Limited re-financed its debt in its subsidiary Essar Bulk Terminal Limited Hazira through take out finance scheme of India Infrastructure Finance Limited (IIFCL).

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Milkbasket Raises $500,000 from EVC Ventures and Chinese Investors

Milkbasket Raises $500,000 from EVC Ventures and Chinese Investors

Gurgaon-based grocery startup Milkbasket has been successful in raising $500,000 in pre-Series-A funding. The investment round was led by Entrepreneurship & Venture Capital (EVC), a global venture capital firm, which recently announced $50m funding for Indian startups in e-commerce, mobile space Internet of Things (IoT), wearables, gaming, education and ad-tech domains.

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