Dutch investment firm Prosus NV is looking to invest $150-180 million to grab the largest chunk of Swiggy’s 12% stake in Rapido, even as Nexus Venture Partners and WestBridge Capital are keen to increase their holding in the ride-hailing firm, three people said. Rapido is “likely to be valued at $2.5-2.7 billion" for the stake sale, one of them said. At that valuation, Swiggy’s 12% stake in Rapido will likely be valued at a little over $320 million, or ₹2,825 crore. Rapido was previously valued at $1.1 bil ...

SynopsisFairfax India has sold its majority stake in Saurashtra Freight. The buyer is Japan's Kamigumi Co. Ltd. The deal is worth Rs. 662 crore. Fairfax India had bought the stake in 2017 for Rs. 200 crore. Saurashtra Freight operates a container freight station at Mundra Port. Kamigumi aims to expand its logistics business in India. ...

Starbucks has reportedly finalised Carlyle Group and EQT, along with regional companies HongShan Capital Group and Boyu Capital, for its China stake sale, as reported by Reuters. The shortlisted companies are preparing to submit their final offers for a controlling interest in Starbucks' operations in China. The final round of bidders also includes Chinese private equity company Primavera Capital, which is likely to partner with another investor. An agreement is expected to be finalised by the end of Oc ...

Russia’s state-owned nuclear power company is in talks to sell a 49% stake in the $25 billion power plant it’s building in Turkey https://t.co/6IApdUnIOS ...