India Value Fund

This is the second tranche of investment made by CPPIB's in L&T Infrastructure Development Projects Ltd. In June last year, CPPIB had committed to invest Rs 2000 crore in L&T IDPL.

IVFA invests $30 mn in deGustibus Hospitality

The PE fund didn't disclose the amount of stake picked up in the hospitality chain that operates restaurants like Indigo, Indigo Deli, Neel, Tote on the Turf and Moveable Feast, in Mumbai and New Delhi. deGustibus Hospitality was recently in the news after chef Rahul Akerkar split from the company.

LocalOye raises Rs 31 cr from Lightspeed, Tiger Global

LocalOye will use the funds to aggressively scale nationwide and expand to more service categories, said a company release. The company will begin operations in Bengaluru in May, followed by NCR.

India Value Fund sells 22.2 lakh shares of Mahindra CIE

On January 16, 2015 India Value Fund III-A sold 2,221,000 shares of Mahindra CIE at Rs 227.29 on the NSE.

Carzonrent to acquire Qcabs

Qcabs, the online car rental service aggregator will be acquired by car rental company Carzonrent Private Limited. The acquisition is in line with Carzonrent's growth strategy to foray into retail space.

Final stage of MFI restructuring begins

The first of the MFI restructurings is coming to a close. Small Industries Development Bank of India (SIDBI) along with 10 other banks have recast debt of unlisted MFI future financial services without adding any fresh loans.