State-run electricity distributor Power Grid Corp of India Ltd will be pricing its share sale near the top end of its marketed range, according to sources interviewed by Bloomberg.
Deals
Mobile rewards network PaeDae receives USD11.6 million in debt and equity round
PaeDae founder and chief executive officer Rob Emrich explained to TechCrunch that it launched a debt-and-equity round instead to be able to obtain a sizeable amount of capital while being able to retain its position as an early acquisition target.
Marketing platform maker SHIFT nabs USD6 million in new, Series B funding
SHIFT, an open marketing cloud provider, recently raised USD6 million in its Series B investment round. The proceeds from the funding round will go towards its international expansion plans.
France’s Dailymotion acquires Jilion for an undisclosed sum to build its business
Dailymotion's acquisition of Jilion was said to be because of the opportunities SublimeVideo's cutting-edge HTML5 video technology platform could provide to the French video-sharing site.
Private equity owners of Norway-based Lindorff selects banks for planned listing - sources
Reuters heard from five anonymous sources that Norway-based debt collector Lindorff's owners, Swiss Investor AB and private equity firm Altor, had already hired banks to lead the Nordic company's IPO.
Latest News
The largest mobile phone operator in Israel, Cellcom, has entered an agreement to share the costs with its two rivals for the creation of a new 4G network, Reuters reported.
Volvo AB has entered into a definitive agreement to divest its construction-equipment rental business Volvo Rents to Platinum Equity in a SEK7.2 billion or USD1.1 billion debt sale deal.
Russian state-controlled telecom firm Rostelecom could sell up to RUB46 billion (USD1.4 billion) worth of shares in a secondary stock offering next year to help cut its debt.
The role of private equity firms in Sweden are now under close scrutiny as the country rethinks its pioneering educational reforms that are emulated worldwide, a Reuters Insight report said.
Gold miner Centamin Plc has announced a USD40.9 million takeover offer for Perth-based mining firm Ampella Mining Ltd, in a deal that values Ampella shares at USD0.16 apiece.
Australia-based taxi app ingogo has raised an additional AUD3.4 million in venture capital funding and expressed plans for a 2014 listing on the Australian Securities Exchange (ASX).
NBC Universal has agreed to buy a minority stake in tech-news site AllThingdD, which is set to be renamed "Revere Digital" this month, according to a Bloomberg report.
Thomas Moore of Standard Life Investments has increased his fund's holdings in UK companies, betting that they will give better payouts in 2014, a Bloomberg report said.
Netherlands-based independent tank storage provider Royal Vopak will invest in an independent import liquefied petroleum gas (LPG) facility in Banyan terminal at Jurong Island, Singapore.
