Japan’s Hitachi in talks with Bain to sell metals unit for over $7.3b
Bain, Japan Industrial Partners and Japan Industrial Solutions are considering buying a 53% stake in Hitachi Metals.
India: Macrotech Developers IPO subscribed 26% on first day of issue
Macrotech Developers received 9.59 million bids for 36.42 million shares on offer.
Indian market regulator fines Reliance’s Mukesh Ambani, others $3.36m
The fine has been imposed over irregularities in a two-decade-old share issue in the company.
Australia’s Canva valued at $15b after $71m funding round
The investment has brought the total capital raised by Canva to almost $390 million.
IFC mulls $15m investment in UOB Venture Management’s second impact fund
Asia Impact Investment Fund II has a target corpus of $100 million.
India: PharmEasy enters unicorn club with $350m Series E round
PharmEasy is said to have achieved $1.5b valuation in the latest round.
Vietnam enlists S Korea’s internet giant Naver to drive AI ambitions
For Naver, the partnership with Vietnam is part of an international network for AI R&D.
India: Debt-ridden IL&FS sells environment business to EverSource
The sale will reduce IL&FS overall debt by about $160 million.