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Fotowatio Renewable India receives US$29 million investment from IFC via non-convertible debentures
Fotowatio Renewable Ventures will use the capital raised to fund its solar photovoltaic plants project in Andhra Pradesh.
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World’s biggest kebab chain Baba Rafi in talks to divest large stake
Kebab Turki Baba Rafi (KTBR) has more than 1300 outlets across nine countries.
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123RF acquires mobile photo editor Pixlr to create a holistic creative environment
123RF will be able to offer more photo tools in its creative suite, in addition to securing 50 million monthly active users with the acquisition of Pixlr.
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Singapore’s seed stage investor SeedPlus raises an oversubscribed first seed stage fund at US$18 million
Jungle Venture’s SeedPlus is an early stage vehicle and will focus on deals in Asia within the range of US$360K to US$720K.
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Daiwa to acquire 14.9 percent stake in stockbroker COL Financial
Japanese Daiwa Securities Group, Inc. is acquiring a stake in COL Financial Group, Inc.
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Shinhan Bank to acquire ANZ’s retail business in Vietnam
ANZ has finally gained exit of its Vietnamese retail business, selling it off to Shinhan Bank Vietnam, a Korean financial services group.
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Thailand’s Food Capitals acquires restaurant operators, Osha Group and G Enterprise for US$11.6 million
Food Capitals operates The Coffee Bean & Tea Leaf, Domino’s Pizza and Korean fried chicken restaurant chain Kyochon.
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Buruda Concert creates an Airbnb for matching musicians with concert venues
Buruda Concert is a website solely dedicated to directly connecting musicians with live music venues and fans to create special concerts in and around Korea.
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Malaysian fast fashion brand NOSE to demerge from iFashion
iFashion is a leading venture platform company focused on investing and acquiring fashion and lifestyle e-commerce ventures based in Southeast Asia.
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CIP to divest 65 percent stake in LMG Chemicals, its manufacturing and distribution subsidiary
CIP has long been attempting to sell the shell company of LMG.
