Verlinvest SA has picked up around 10% stake in Future Ventures India for around R110 - 130 Cr. The stake was mostly acquired from the open market over the last three to four months, according to ET.Kishore Biyani plans to realign Future Ventures into two operating entities - food and fashion, to attract fresh strategic and financial investments.
The company has mandated PricewaterhouseCoopers and law firm AZB & Partners to advise it on the restructuring exercise.
Mitsui of Japan, through its healthcare arm, is likely to invest R250 Cr in sterile injectables maker Claris Lifesciences, according to ET.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.