India
IDFC First Bank was established in 2018 after the merger of IDFC Bank and Capital First.
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Deal Digest: Kasikornbank begins Indonesia ops; Makers Fund closes $250m Fund IV
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India Digest: Kepler Aerospace, Zenergize raise funding
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Destry Damayanti wins parliament nod as Bank Indonesia chief
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H.I.G. Capital names former Blackstone executive head of Asia
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India: Yuma Energy raises $35m Series A from Magna International
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500 Global said to wind down standalone SE Asia investing, shift focus to global funds
Two speeds define SE Asia’s private capital funds market
Shell weighs potential $1b sale of Malaysian facility
Hesai founders’ Sharpa bags $670m, unveils fully automated robot restaurant
SEA Digest: Salim Group buys out Keppel from data centre JV; Gojek expands tie-up with ComfortDelGro
Vietnam
Vietnam has emerged as the biggest market in ADI’s portfolio by company count.
The fund is targeting a corpus of Rs 150 crore, with a Rs 50 crore greenshoe option.
The fund is backed by the Livelihood Impact Fund, along with prominent entrepreneurs, investors.
The listing is the first by an alternative asset management company in India.
The banks are in separate talks to acquire at least a 15% stake.
ESR has appointed Dalmar Sheikh as CEO of ESR Data Centres.
GEMGO II is more than double the $238m deployed by Siguler Guff in India through its previous fund.
In May, the accelerator offloaded a 1.45% holding in the fintech company.
The deployment was enabled by recycling repayments and exit proceeds.
