Beyond Limits Asia-Pacific, an enterprise-scale AI company, has acquired Oak Consulting, a Singapore-based cloud data solutions provider and consulting partner, for an undisclosed price. Oak Consulting offers critical industries with enterprise-class, full lifecycle solutions from strategy to the implementation stage. The company caters to the public sector, healthcare, eCommerce, supply chain, and financial industries among […]
Hindustan Construction Company (HCC Group) said that it has agreed to sell Baharampore-Farakka Highways Limited (BFHL) to Singapore-based Cube Highways and Infrastructure V at an enterprise value of INR 1,279 crores. The deal implies an equity valuation of INR 600 crores for Baharampore-Farakka Highways. Apart from the equity value, an earnout of INR 200 crores […]
Indian IT services provider Wipro has appointed Badrinath Srinivasan (Badri) as the managing director for the company’s Southeast Asian operations. According to the company, Badrinath Srinivasan will focus on its vision for the growth of the business, expansion of revenue, talent development, client and influencer relationships, and brand building. He is also expected to bolster […]
Singapore Telecommunications (Singtel) has acquired a stake of around 16.26% in Bank Fama International, an Indonesian bank, for IDR 500 billion ($35 million). The transaction was carried out by its fully-owned subsidiary — Singtel Alpha Investments by purchasing 2.4 billion new shares issued by the Indonesian bank. According to Singtel, the cash consideration was determined […]
Keppel Corporation, Keppel Asia Infrastructure Fund (KAIF) and a co-investor of KAIF, through Cloud Alpha are acquiring a stake of 51% in Cleantech Solar, a Singapore-based solar energy platform, for up to $150 million. The remaining 49% stake in Cleantech Solar is held by its existing shareholder, Shell Eastern Petroleum (Pte) Ltd. Cleantech Solar is […]
Tata Power said that Resurgent Power Ventures, its Singapore-based joint venture (JV) with an investor group, has been chosen as lender’s nominee to acquire 100% of NRSS XXXVI Transmission Limited (NRSS XXXVI), a northern Indian transmission project. In this connection, PTC India Financial Services has issued a letter of intent (LOI) to Resurgent Power Ventures. […]
Indian automobile firm TVS Motor Company said that its fully-owned subsidiary — Intellicar Telematics Private Limited has acquired Fastest Finder Pte. Ltd. Following the deal, Fastest Finder became a 100% owned subsidiary of Intellicar Telematics and has been renamed Intellicar Singapore. According to TVS Motor, Intellicar Singapore offers advanced fleet management solutions with the help […]
Aurionpro Solutions Limited, a Mumbai-based technology products and solutions provider, said that it has signed an agreement to increase its stake in SC Soft to 80% in a deal worth $2.95m (INR 22 crores). SC Soft is a Singapore-based IT system integrator that is focused on end-to-end ticketing and payment solutions for public mass transportation, […]
Aurionpro Solutions Limited, a Mumbai-based technology products and solutions provider, said that it has launched its own payment platform called ‘AuroPay’ in a move to grow its footprint in the payment business. The company also said that it has established Aurionpro Payment Solutions Pte. Ltd (Aurionpro Payments) as its global headquarters in Singapore and a […]
Standard Chartered said that its subsidiary SCBSL and BetaPlus, a holding company controlled by Singapore-based NTUC Enterprise, have signed a shareholders’ agreement pertaining to their joint venture (JV) — SC Bank Solutions. Under the terms of the agreement, SCBSL will hold a stake of 60% in SC Bank Solutions, while BetaPlus will hold the remaining […]
