PE VC M&A News from India

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Thursday, July 10, 2014

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 9, 2014

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 9, 2014:

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1) Xebialabs Raises Funds From Updata Partners
http://www.dealcurry.com/20140710-Xebialabs-Raises-Funds-From-Updata-Partners.htm

Boston headquartered XebiaLabs, a sister concern of Xebia India has raised $12 Mn growth equity from US based Updata Partners.

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2) Tribune Digital Acquires Television Guidance Firm What's On India
http://www.dealcurry.com/20140710-Tribune-Digital-Acquires-Television-Guidance-Firm-What-s-On-India.htm

Tribune Digital Ventures, the newly created digital arm of the media company Tribune Media, is acquiring What’s-ON, a TV search and electronic program guide data provider serving the Indian and Middle East markets.

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3) Ace Investor Rakesh Jhunjhunwala Buys Into MCX
http://www.dealcurry.com/2014079-Ace-Investor-Rakesh-Jhunjhunwala-Buys-Into-MCX.htm

Ace Investor Rakesh Jhunjhunwala has picked up 1.96% stake in the only listed commodity exchange through the open market for a consideration of INR 664 Mn. The stake was sold at a unit price of INR 664 by the exchange’s promoter entity Financial Technologies India Limited.

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4) ONGC Videsh Raises Funds Through Bond Issue
http://www.dealcurry.com/2014079-ONGC-Videsh-Raises-Funds-Through-Bond-Issue.htm

Overseas arm of  OIL AND NATURAL GAS CORPORATION LIMITED, ONGC Videsh Limited has raised over $2.2 billion (about INR 112 Bn) through an issue of unsecured Dollar and Euro bonds to Asian and European investors. The issue aimed at raising equivalent of $2.2 billion in three equal tranches of 5-year US dollar bond, 10-year US dollar bond and 7-year euro bond.

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5) Maharana Infrastructure Secures Series C Investment From Avigo Capital
http://www.dealcurry.com/2014079-Maharana-Infrastructure-Secures-Series-C-Investment-From-Avigo-Capital.htm

Maharana Infrastructure and Professional Services Private Limited (MIPS) has secured an undisclosed amount of investment from Avigo Capital Partners in its Series C Round. This is the third round of funding for MIPS wherein apart from Avigo Capital, the promoters of MIPS will also be investing.

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6) Japan's SBS Holdings Buys Transpole Logistics
http://www.dealcurry.com/2014079-Japan-s-SBS-Holdings-Buys-Transpole-Logistics.htm

Tokyo based SBS Group is acquiring a controlling 66% stake in Delhi’s logistic services provider Transpole Logistics Private Limited. The deal provides an exit to existing PE investors Everstone Capital and Fidelity.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Saturday, December 21, 2013

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Dec 20, 2013

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Dec 20, 2013:

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1) Swiss Finance Offloads Stake In Apollo Tyres
http://www.dealcurry.com/20131220-Swiss-Finance-Offloads-Stake-In-Apollo-Tyres.htm

Swiss Finance (Mauritius) sold 38.37 lac shares of Apollo Tyres at R89.71 on NSE for a total consideration of R34 Cr.

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2) AstraZeneca To Buyout Partner Bristol-Myers Squibb In Diabetes Alliance
http://www.dealcurry.com/20131220-AstraZeneca-To-Buyout-Partner-Bristol-Myers-Squibb-In-Diabetes-Alliance.htm

Anglo-Swedish drugmaker, AstraZeneca is acquiring its partner Bristol-Myers Squibb in its diabetes alliance for a total value of $4.1 Bn marking the end of a six-year partnership between the two companies, BSE filing states.

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3) MFI Utkarsh Raises Funds Through NCD
http://www.dealcurry.com/20131220-MFI-Utkarsh-Raises-Funds-Through-NCD.htm

Varanasi based micro finance company Utkarsh has raised R75 Cr in debt by issuing secured, redeemable NCD’s which were financed by Microfinance Enhancement Facility, UTI International Wealth Creator 4 and AAV Sarl.

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4) Update: IndiaProperty Raises Series B From Bertelsmann
http://www.dealcurry.com/20131220-Update-IndiaProperty-Raises-Series-B-From-Bertelsmann.htm

Real estate online portal IndiaProperty.com has raised $12 Mn in Series B round of funding led by Bertelsmann, with participation from existing investors Canaan Partners and Mayfield Fund, BL states.

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5) Equitas Holdings Secures Investment From CDC Group
http://www.dealcurry.com/20131220-Equitas-Holdings-Secures-Investment-From-CDC-Group.htm

Chennai based Equitas Holdings Private Limited has received an equity investment of $16 Mn from UK’s development finance institution, CDC Group. The investment from CDC would help Equitas boost its growth plans, expand its reach to more unbanked customers with a wider range of services.

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6) Update: Carlyle Group Acquires Stake In Global Health
http://www.dealcurry.com/20131220-Update-Carlyle-Group-Acquires-Stake-In-Global-Health.htm

The Carlyle Group has acquired a minority stake in Indian hospital and healthcare provider Global Health Private Ltd.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Thursday, September 19, 2013

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Sep 18, 2013

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Sep 18, 2013:

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1) SEBI Stipulates New Guidelines For Angel Investors
http://www.dealcurry.com/20130918-SEBI-Stipulates-New-Guidelines-For-Angel-Investors.htm

SEBI, the market regulator has come up with new guidelines to boost investment in early budding enterprises. The regulator has tightened its hold on the investor and the investment through its new norms for angel investors who finance small startups at a stage where such start ups find it difficult to obtain funds from traditional sources of finance such as banks, financial institutions.

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2) Den Network Gets $110 Mn Investment From Goldman Sachs
http://www.dealcurry.com/20130918-Den-Network-Gets-110-Mn-Investment-From-Goldman-Sachs.htm

Global investment bank Goldman Sachs is acquiring about 18% stake in cable distribution firm DEN Networks Ltd by investing around $110 Mn (R693 Cr), ET states. In May, Den Network had announced the fund raise from Goldman by issuing fresh shares to its affiliates Broad Street Investments (Singapore) and MBD Bridge.

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3) Arisaig India Buys Additional Stake In Trent
http://www.dealcurry.com/20130918-Arisaig-India-Buys-Additional-Stake-In-Trent.htm

Arisaig India Fund has hiked its stake in Tata promoted Trent Limited, which runs a number of retail outlets, through an open market transaction. The fund bought additional 1.23 Mn shares of the company in tranches for a total consideration of R116.2 Cr (valued at Tuesday’s closing price of R941.25), thus increasing its stake by 2.365 % from 7.52% to 9.885%.

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4) KKR India's NBFC Arm Raises Funds From TRS
http://www.dealcurry.com/20130918-KKR-India-s-NBFC-Arm-Raises-Funds-From-TRS.htm

KKR India Financial Services Pvt Ltd. has raised $100 Mn from U.S headquartered -The Teacher Retirement System of Texas, Livemint states. The company is also in talks with another global investor to raise $75-100 Mn.

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5) Credit Suisse Offloads Stake In Nitin Fire To Venus Capital
http://www.dealcurry.com/20130918-Credit-Suisse-Offloads-Stake-In-Nitin-Fire-To-Venus-Capital.htm

Credit Suisse (Singapore) Limited offloaded 3.9 Mn shares of Nitin Fire Protection Industry to Venus Capital Management at R56.5 a scrip through an open market transaction on NSE. The shares which constituted 1.81% stake of the company were sold for a total of R22.558Cr.

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6) E-Learning Startup Simplilearn Raises Series B Funding
http://www.dealcurry.com/20130918-E-Learning-Startup-Simplilearn-Raises-Series-B-Funding.htm

Edu-platform Simplilearn has raised $10 Mn in Series B funding from Helion venture Partners and Kalaari Capital, NexBigWhat states. This funding will help it to diversify and expand its course catalog, add more employees in the U.S., U.K., Australia, and Middle East, and roll out mobile apps. 

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Friday, August 30, 2013

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Aug 29, 2013

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Aug 29, 2013:

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1) Ascent Capital To Invest In CARE Ratings
http://www.dealcurry.com/20130829-Ascent-Capital-To-Invest-In-CARE-Ratings.htm

Ascent Capital Advisors is investing R25 Cr in CARE Rating through preferential allotment, BSE filing stated. CARE Ratings will issue an aggregate of 4.46 lakh equity shares at R560.15 per share aggregating to R25 Cr to Ascent India Fund III managed by Ascent Capital Advisors India.

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2) Kuliza Receives Strategic Investment From Blume Ventures
http://www.dealcurry.com/20130829-Kuliza-Receives-Strategic-Investment-From-Blume-Ventures.htm

Kuliza Technology has received strategic investment from Blume Ventures, Nextbigwhat states. The amount invested in the company is undisclosed. Kuliza plans to use funds for global expansion and development of new digital marketing tools.

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3) Shree Renuka Sugars May Divest Stake In Brazilian Unit To Pare Debt
http://www.dealcurry.com/20130829-Shree-Renuka-Sugars-May-Divest-Stake-In-Brazilian-Unit-To-Pare-Debt.htm

Shree Renuka Sugars is planning to divest stake in its Brazil Unit - Renuka Brazil Holdings as the company looks to pare down R7500 Cr debt accumulated for the acquisitions in Brazil.

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4) Arisaig Buys Additional Stake In Westlife Development
http://www.dealcurry.com/20130829-Arisaig-Buys-Additional-Stake-In-Westlife-Development.htm

Arisaig Partners through its Arisaig India Fund has picked up additional 4.5 Mn shares at R34 of Westlife Development for a total of R153.45 Cr. Through this transaction executed on BSE, Arisaig has hiked its stake by about 2.89% in the company from the earlier 3.5% stake which was allotted to it in July this year on a preferential basis for R180 Cr.

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5) Steadview Capital Invests In Hathway Cable
http://www.dealcurry.com/20130829-Steadview-Capital-Invests-In-Hathway-Cable.htm

Honk-Kong based Steadview Capital is picking up shares worth roughly R100 crore in Hathway Cable and Datacom Ltd through the preferential allotment route, BL states. Steadview Capital, LTR Focus Fund and Massachusetts Institute of Technology will be issued 35,21,000 fully paid-up equity shares of the company.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Tuesday, July 2, 2013

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Jul 1, 2013

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Jul 1, 2013:

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1) DB Corp To Divest Stake In Divya Prabhat Publication
http://www.dealcurry.com/2013071-DB-Corp-To-Divest-Stake-In-Divya-Prabhat-Publication.htm

DB Corp ,the largest print media company in India has informed BSE that it will be selling  51% stake in its Bhopal based subsidiary - Divya Prabhat Publication. However the amount and the buyer is not disclosed.

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2) Morgan Stanley Buys Into United Spirits
http://www.dealcurry.com/2013071-Morgan-Stanley-Buys-Into-United-Spirits.htm

Foreign fund house Morgan Stanley Asia purchased 10.80 lakhs shares of Vijay Mallya -led United Spirits Ltd through a bulk deal for an estimated R229 Cr, ET states

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3) DPSC Plans To Acquire Wind Power Farms
http://www.dealcurry.com/2013071-DPSC-Plans-To-Acquire-Wind-Power-Farms.htm

Dishergarh Power Supply Corp, a power generation and distribution company, owned by Srei Group is evincing interest for acquiring wind power farms, DNA states.

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4) Catamaran Ventures, Premji Invest Exits Manipal Global
http://www.dealcurry.com/2013071-Catamaran-Ventures-Premji-Invest-Exits-Manipal-Global.htm

Catamaran Ventures and Premji Invest has sold their shares in Manipal Global Education Services to the promoters of the company, Et states.

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5) OCS Looks For Further Acquisitions In Asia
http://www.dealcurry.com/2013071-OCS-Looks-For-Further-Acquisitions-In-Asia.htm

OCS Group UK’s largest facility service provider eyes for further acquisition in Asia after its R200 Cr investment in acquisition in the last 18 months in India.

The company proposes to invest another R480 Cr in acquisition to strengthen its presence in Asia and offer integrated services thereby reducing its dependence on multiple subcontractors.
 
Earlier the company had acquired Absotherm Facilities Management Private Limited (engineering), Radiant Hospitality Services Private Limited (housekeeping), Cannon Hygiene India Private Limited (hygiene and sanitation) and Central Investigation & Security Services Limited (security services) to directly deliver core facility management services.

The company having operated in India for the past 20 years with a work force of 22000 , plans to double this number in the next five years and make India a major contributor in its turnover . [...]

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6) IDFC Plans To Exit From Hanjer Biotech
http://www.dealcurry.com/2013071-IDFC-Plans-To-Exit-From-Hanjer-Biotech.htm

PE fund IDFC along with other institutional investors is in talks to exit from waste management firm Hanjer Biotech Energies in which they own 51% stake, ET states.

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7) AurionPro Sells E2E Infotech To CameronTec
http://www.dealcurry.com/2013071-AurionPro-Sells-E2E-Infotech-To-CameronTec.htm

Aurionpro Solutions is selling its capital market technology business – E2E Infotech to CameronTec Intressenter AB, BSE filing states. The divestment of E2E Infotech will enable AurionPro to focus on its core business.

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8) Hero MotoCorp To Buy Stake In Erik Buell
http://www.dealcurry.com/2013071-Hero-MotoCorp-To-Buy-Stake-In-Erik-Buell.htm

Hero Motocorp has announced to buy a 49.2% stake in superbike company Erik Buell Racing for $25 Mn through its U.S subsidiary - HMCL (NA) Inc, BSE filing states.

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9) Kalaari Capital Invests In RoboSoft Technologies
http://www.dealcurry.com/2013071-Kalaari-Capital-Invests-In-RoboSoft-Technologies.htm

Kalaari Capital has acquired minority stake in Robosoft Technologies for R22 Cr, ET states.  The funds raised will be used to expand the sales team; set up offices; strengthen product and design team and invest in product development.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Wednesday, December 12, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Dec 11, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Dec 11, 2012:

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1) R Systems To Acquire ERP Biz Of Nikko Computer Systems
http://www.dealcurry.com/20121211-R-Systems-To-Acquire-ERP-Biz-Of-Nikko-Computer-Systems.htm

R Systems International is set to acquire the ERP business of Nikko Computer Systems Pte. Ltd. through its subsidiary in Singapore, ECnet Ltd.

The acquisition is aimed at helping the company strengthen its ERP business and customer base in South East Asia along with good Japanese client base.

Nikko Computer Systems provides ERP implementation and support services primarily to Japanese companies located in Singapore and Malaysia.

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2) TASL Acquires Majority Stake In Aurora Integrated Systems
http://www.dealcurry.com/20121211-TASL-Acquires-Majority-Stake-In-Aurora-Integrated-Systems.htm

Tata Sons subsidiary - Tata Advanced Systems Limited has acquired majority stake in Aurora Integrated Systems Limited.

PXV Law Partners advised AIS while AZB & Partners assisted the in-house legal team of TASL.

AIS develops indigenous technology, manufacturing and integrating state-of-the-art airborne systems with a focus on small Unmanned Aerial Systems.

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3) DLF To Sell Stake In Wind Power Business To Bharat Light
http://www.dealcurry.com/20121211-DLF-To-Sell-Stake-In-Wind-Power-Business-To-Bharat-Light.htm

K P Singh led - DLF is likely to sell a substantial part of its wind energy to Bharat Light & Power for about R700 Cr. The deal is likely to close in next two weeks, according to FE.

DLF is selling its wind power business as a part of its strategy to sell non-core assets to cut its debt. In July, the company’s investors had approved selling DLF’s wind energy business.

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4) Tata Housing Raises Debt From IDFC
http://www.dealcurry.com/20121211-Tata-Housing-Raises-Debt-From-IDFC.htm

Tata Housing Development Company, after raising around R70 Cr by minority stake sale in one of its luxury project to American firm Portman Holdings, has raised R300 Cr by issuance of NCDs to IDFC.

The NCDs are divided in two parts with maturity of three and five years and are planned to be deployed in the coming 3-4 months.

In the last quarter, the company also augmented its capital by a commercial paper issuance worth R150 Cr which is to be used for working capital requirements.

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5) Etihad Airways To Buy Stake In Kingfisher
http://www.dealcurry.com/20121211-Etihad-Airways-To-Buy-Stake-In-Kingfisher.htm

Etihad Airways may acquire 48% stake in Kingfisher Airlines for around R3000 Cr, according to Mint.

Abu Dhabi-based Etihad will initially buy a 30% holding in December and a further 18% by next August.

Recently, Etihad was planning to acquire 24% stake in Jet Airways.

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6) Bartronics Acquires Controlling Stake In American Firm Systems America
http://www.dealcurry.com/20121211-Bartronics-Acquires-Controlling-Stake-In-American-Firm-Systems-America.htm

Bartronics Asia Pte. Ltd., a wholly owned subsidiary of Bartronics India Limited, has acquired 51% stake in Systems America Inc.

In a BSE disclosure, the company stated that in consideration of swap of shareholding, Bartronics America Inc. is now owned by Systems America.

Also prior to the transaction, Bartronics America Inc. was rechristened to mCloud Inc. to reflect its diversification into mobile and cloud computing businesses.

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7) Wipro Divests Sunflower Brand To Cargill
http://www.dealcurry.com/20121211-Wipro-Divests-Sunflower-Brand-To-Cargill.htm

Wipro Limited has divested decades old Vanaspati Brand 'Sunflower' to American food producer and marketer Cargill India.The decision of divesting Sunflower brand will help the company to focus on core market segments like Personal Care, Skin Care, Wellness and Lightning business.Last week, Wipro acquired East Asian skincare focused company L.D. Waxsons Group, which is line with strategy to focus on core market segments.

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8) Bharti Infratel Raises Anchor Investments
http://www.dealcurry.com/20121211-Bharti-Infratel-Raises-Anchor-Investments.htm

Bharti Infratel has raised R651.7 Cr from 18 anchor investors including Morgan Stanley and Sundaram MF, ahead of the R4,500 Cr IPO, according to BL.

The company has allocated 2.83 Cr shares or 15% of the issue size at R230 per share to the anchor investors.

The anchor investors include AllianceBernstein, Battery March, Clough Capital, Columbia Wagner, Morgan Stanley, Route One Capital, Sundaram MF, Wellington among others.

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Self storage facilities are cash cows!
http://hasslefreehouses.com/selfstorage

Tuesday, December 11, 2012

Blog Alert for DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... , Dec 10, 2012

New Posts to DEALCURRY - Mergers & Acquisitions, Private Equity, I.P.O. / Offerings, Venture Capital, Real Estate, Regulatory,... on Dec 10, 2012:

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1) Amplus Realty Fund Invests In Assetz Homes' Bangalore Project
http://www.dealcurry.com/20121210-Amplus-Realty-Fund-Invests-In-Assetz-Homes-Bangalore-Project.htm

Amplus Realty Fund-I, a real estate focused fund in the Gujarat region, made its first investment in a realty project in Bangalore, through a JV with Assetz Homes Pvt. Ltd.

The fund has a target corpus of R200 Cr (with a green shoe option of R100 Cr) and is open for subscription for second closing and is expected to achieve its targets by April next year.

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2) Well-established Seed Company Looking For Full Divestment
http://www.dealcurry.com/20121210-Well-established-Seed-Company-Looking-For-Full-Divestment.htm

A well established and research driven seed company is looking to sell off its business. The entity is debt free and profitable with good infrastructure for production, processing and quality control and extensive marketing network. It is also DSIR recognized and has seed license of several states.

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3) NVP Invests In Mercatus Backed Attune Technologies
http://www.dealcurry.com/20121210-NVP-Invests-In-Mercatus-Backed-Attune-Technologies.htm

PE firm Norwest Venture Partners has invested $6 Mn in cloud based healthcare IT company Attune Technologies, according to BS.

Attune Tech is a healthcare focused IT company and CEO Arvind Kumar stated the funds would help the company grow its cloud platform in India and other key global markets.

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4) Ecosystem Ventures Invests In SimpliBuy
http://www.dealcurry.com/20121210-Ecosystem-Ventures-Invests-In-SimpliBuy.htm

Ecosystem Ventures has invested undisclosed amount in SimpliBuy Technologies Private Limited, a technology startup in Pune.

Founded  by Arun Purohit and Rajeshwari Joshi, SimpliBuy is a technology company involved in creation of a hyperlocal price information system.

Its flagship product – WIC (Where is Cheapest Price?) enables users to search product across various categories in 4 cities including Pune, Bangalore, Delhi, Mumbai and Kolkata, according to nextbigwhat.com.

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5) Mantri Realty To Raise Funds Through PE
http://www.dealcurry.com/20121210-Mantri-Realty-To-Raise-Funds-Through-PE.htm

Real estate developer - Mantri Realty is planning to raise PE funds by selling stake in its upcoming projects.

Mantri Realty will invest around R750 Cr to develop three housing projects in Maharashtra and Karnataka over next two-three years.

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6) KPO Evalueserve To Be Sold By Promoters
http://www.dealcurry.com/20121210-KPO-Evalueserve-To-Be-Sold-By-Promoters.htm

Promoters of the KPO firm Evalueserve have put the company on the block after successfully running it for 12 years, as stated on ET.

Swiss family office IHAG Holdings (minority stakeholder) is also set to exit.

UBS and Deutsche Bank are advising the promoters on the sale.

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7) Sugana Group Forms JV With Israeli Firm - Shatal Engineering
http://www.dealcurry.com/20121210-Sugana-Group-Forms-JV-With-Israeli-Firm-Shatal-Engineering.htm

Sugana Group has entered into JV with Israeli firm - Shatal Engineering for marketing light construction machinery in the domestic market.

The JV - Sugana Shatal will be launched tomorrow and Sugana would manufacture motors for the entire machinery.

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8) Shree Ganesh Forms JV With Rocks Creation Of Bangladesh
http://www.dealcurry.com/20121210-Shree-Ganesh-Forms-JV-With-Rocks-Creation-Of-Bangladesh.htm

Shree Ganesh Jewellery House has entered into a JV with Rocks Creation for setting up a manufacturing unit in Dhaka.

Rocks Creation is into retail, jewellery and textiles.

Both the partners are initially set to invest R20 Cr in the 75:25 JV which will be scaled up to R50 Cr and will have an annual manufacturing capacity of 200 kg of gold jewellery.

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9) Wipro Acquires Singaporean FMCG Firm - L.D. Waxson
http://www.dealcurry.com/20121210-Wipro-Acquires-Singaporean-FMCG-Firm-L-D-Waxson.htm

FMCG and IT major Wipro Limited has acquired East Asian skincare focused company L.D. Waxsons Group.

The 100% shareholding agreement was concluded for an all cash consideration of $144 Mn and will help Wipro scale to the top position in the facial skincare market in Malaysia and Singapore along with expansion of its Chinese presence and other Asian markets.

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