The founders of Gland Pharma, led by Ravi Penmetsa, and KKR, together own 96 per cent of the company.
Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Unlike last year, investors turn cautious on e-commerce sector.
The numbers in India may not be as big but the opportunity for serious growth is all there.
The issue arose after TCS dismissed hundreds of employees in January 2015, leading to the formation of the IT Employees Wing supported by the NDLF.
The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy.
The e-tail venture plans to initially offer apparel, electronics and footwear products.
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce
Investments in 2015 reach a record high of $46.4 million with 193 deals.
The IIT-Madras alumnus, who moved to Canada for an MBA programme and settled there, is not new to investing in India.
Over Lebanese delicacies, the daughter of billionaire Kumar Mangalam Birla talks money, relationships, her passions and how she outpaced her peers.
Gaurav Deepak has raised funds for about 100 new-age entrepreneurs.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Submits revised proposal to CCI as Birla Corp deal fails
Ratan Tata has invested an undisclosed amount in an entity catering to pet care.
VCs have been especially bullish about India.
India-located funds have already raised $3.9 billion so far this year.
State Bank of India partnered GE Capital in 1998 for its credit card business.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
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