Deals
The investment comprises a combination of primary and secondary transactions.
1
China's memory chip IPO frenzy raises big questions
2
SG's Panthera Growth Partners invests $30m in security AI firm Innefu Labs
3
Indian aluminium recycler CMR Green draws $6b bids for $66m IPO
4
China, Hong Kong investors barred from SpaceX IPO on regulatory concerns
5
Blackstone-backed Australia's AirTrunk to invest $30b in India by 2030
More Stories
French asset manager Eurazeo scouts for SE Asia bets with $20m ticket size
Jakarta prosecutors detain KoinWorks borrower in $33m irregular loan case
Vietnamese dairy firm TH Group approaches PEs for minority stake sale
ZWC Partners invests in parent of Korean eyewear label Gentle Monster
FMO proposes $20m investment in South Asia Growth Fund IV
IPOs & Markets
The IPO is India’s first in about a month.
The firm’s Indian development pipeline includes 600 MW of capacity projects in Mumbai, Chennai & Hyderabad.
Analysis
Capital is flowing, with a range of strategies targeting each geography.
Private Equity
The vehicle will target climate adaptation and mitigation opportunities in India.
The stock was last up 15.9% at 106.67 rupees as of 12:10 p.m. IST on Thursday.
The deal marks the company’s 10th acquisition in the last 10 months.
Foreign parent firms raised nearly $5b from secondary-share IPOs in India.
Kuku has so far garnered over $150 million from a gamut of investors.
The deal could reportedly value Cloudnine at nearly Rs 10,000 crore ($1 billion).
