Indian firm LIC cuts stake in Bharat Forge

Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.


Private equity firm Hamilton Lane adds senior execs in Hong Kong office

Private equity asset management firm Hamilton Lane has named Mingchen Xia and Yen Li Chew to add to its Hong Kong office and enhance the presence of the company in the Asia Pacific region.

JPMorgan ceases work on Chinese IPO candidate as US regulators investigate hiring practices- sources

JPMorgan Chase & Co has stopped working on the planned initial public offering of Chinese firm Tianhe Chemicals as US regulators continue its probe of the bank's hiring practices in China, Reuters reported.

Synthelis secures €610,000 initial funding from French investors

French investors provided Synthelis, a company based in La Tronche, France that specializes in the production and characterization of therapeutic targets and antigens, with initial funding of €610,000.


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Mohr Davidow Ventures led the Series B round for Vancouver, British Columbia-based BuildDirect which raised C$30 million. High profile investors Canadian investors like BDC Venture Capital also joined the round.
The first early stage technology fund in Hawaii. mbloom, was able to obtain $10 million for its first venture capital fund, a public-private partnership between the Hawaii State Development Corporation and Rosemont Seneca Technology Partners.
Bristol, UK-based frozen yogurt seller AngelBerry turned to crowdfunding to raise at least £150,000 via Crowdcube to fund its plan to expand to 100 stores worldwide by 2016.
Australia-based mining firm Heemskirk Consolidated inked a deal with Marquis Alliance Energy Group to sell its mineral plant in Canada for C$12 million as part of its startegy to focus on developing its Moberly facility.
The UK website of e-commerce giant eBay will soon allow the sale of Bitcoins and other digital currencies under the Virtual Currency category, CNET reported.
Srinath Batni, a member of the Board of Directors of India-based IT services provider Infosys, sold 20,000 company shares for INR7.46 crore at the Bombay Stock Exchange (BSE).
Singapore-based Golvis Investment Pte, an investment firm founded by ex-Goldman Sachs Group managing directors, plans to make its Japan-focused hedge fund available to investors this quarter, according to sources interviewed by Bloomberg.
India-based online baby and kids store FirstCry.com scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.
Goldman Sachs Group Inc is predicting a flood of initial public offerings to be held in South Africa as private equity buyers divest their investments, Bloomberg reported.
Wikipedia co-founder Jimmy Wales picked up a big stake in London-based mobile provider The People's Operator (TPO) in a bid to expand into the US and other international markets.
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