Volvo Cars to explore options including IPO, Geely says
Geely bought Volvo Cars from Ford Motor Co in 2010.
India: Sterling & Wilson Solar promoter Daduvala offloads 5% stake
The stake sold was worth over $27.47 million.
SoftBank-backed realty tech firm Compass raises $450m in downsized IPO
Compass set a price range of $18-$19 per share, downsized from its prior target at $23 to $26.
Chile regulator okays $3b Chinese takeover of Naturgy unit
Spain’s Naturgy had agreed to sell 96% of Chilean unit CGE to China’s State Grid for $3 billion.
Deliveroo shares dive 30% as London debut of the decade turns sour
The highly-anticipated listing had been earlier hailed as a “true British tech success story”.
China okays long-planned merger of Sinochem and ChemChina
The complex merger would create the world’s biggest industrial chemicals firm.
India: FirstCry snags $315m from TPG, ChrysCapital and Premji Invest
The deal has reportedly valued SoftBank-backed FirstCry at around $1.9-2.1 billion.
Jack Ma’s Yunfeng Capital in the market to raise new PE fund
The fundraising comes nearly three years after the firm closed Fund III at $2.5 billion.