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India Business News: Private equity firm KKR is in advanced negotiations to invest up to $300 million in Reliance Industries-backed BookMyShow, according to a report. The investment highlights the positive turnaround of BookMyShow after facing challenges during the Covid-19 pandemic.
Global investment firm Alpha Wave has raised $45.7m so far from US investors for its latest PE fund that will likely invest in India.
Foreign institutional investors (FIIs) sold shares worth Rs 865 crore, while domestic institutional investors (DIIs) purchased Rs 1,607.08 crore worth of stocks on January 11, provisional data from the NSE showed.
As India's second batch of unicorns go public, SoftBank’s Sumer Juneja says the country's mutual funds are the most important cogs in the wheel of pricing IPOs.
SoftBank, which has backed players such as Swiggy and FirstCry, is gearing up to restart its investments in Indian startups after a gap of 18 months.