Deals
The Dubai-based VC firm has committed an additional $10.3 million to SILQ Group.
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India's top think tank recommends easing investment rules for Chinese firms
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India to issue climate risk disclosure rules for banks soon
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Chinese automakers should pursue 'rational competition' in EV industry
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Reliance buys home appliances maker Kelvinator from Sweden's Electrolux
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SG Digest: Gordian Capital eyes Dubai expansion; TreeDots shuts Malaysia unit
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Dymon-backed Meiban picks up stake in Aussie medtech
MAKA Motors cuts 40% staff, explores new strategy
Policy & Regulations
Tariff rates remain unchanged at 32% for Indonesia and 36% for Thailand, effective August 1.
Move based on fears that the tech could be diverted to China.
Analysis
Chinese brands dominate Thailand’s EV market with an over 70% share.
The fund will focus on acquiring NPLs and single-asset distress situations in India and SE Asia.
The fund has a mandate to invest in India, SE Asia, and South Korea.
Private Equity
The food-focused private equity firm has deployed the capital from its third fund.
Navis had acquired dzcard in 2018.
ANGIN has invested in Acronesia, an agritech startup, and Collabit, a marine biotech startup.
IPOs & Markets
Frasers Property’s first buyout attempt in 2022 failed to get shareholder support.
