BRIEF-Nissan says likely it will not be able to be reimbursed for past, future recalls after Takata bankruptcy filing
* Nissan Motor Co says likely it will not be able to be reimbursed for past, future recalls after Takata Corp bankruptcy filing
NEW DELHI, March 24 The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million, the buyout fund said on Friday.
The investment comes amid expectations India's logistics sector is set to expand strongly as the country unveils a new unified national sales tax and through growing online retail sales.
Delhivery was founded in 2011 as a food delivery company but has since shifted to providing logistics services in more than 600 Indian cities through 12 fulfilment centres.
"We see significant potential for technology-enabled logistics in the country with the growth of e-commerce," Neeraj Bharadwaj, managing director of the Carlyle Asia buyout team, said in the statement.
Carlyle has invested more than $1.4 billion of equity in more than 30 transactions in India across all its funds as of Dec. 31. (Reporting by Aditi Shah; Editing by Sunil Nair)
TOKYO, June 26 Asian shares edged up on Monday on optimism about global growth, while the dollar was on the defensive as a subdued U.S. inflation outlook capped U.S. bond yields and raised questions about the Federal Reserve's plans to tighten policy.
TOKYO, June 26 Japan's Nikkei share average ticked up on Monday morning as the dollar-yen held steady, while investors' attention fell squarely on Takata Corp after it filed for bankruptcy protection.