Thermax Ltd plans to made an additional investment of up to Rs 6 crore ($900,000) in First Energy Pvt Ltd , alternative energy solutions company in which it had acquired 33 per cent stake last year. First Energy’s brand Oorja, a combination of a ‘micro- gasification’ stove and biomass-based pellet fuel, is adopted by several customers as a substitute to fossil fuels such as LPG and diesel.

Milestone Capital Advisors Ltd is raising its third commercial real estate private equity fund of almost INR 1,400 crore ($209 million). Funds are being raised from both domestic and overseas investors, with Milestone expecting overseas investors, including non-resident Indians (NRIs) and institutional investors, to contribute around Rs.500 crore ($74.8 million) to the fund.

Online real estate advisor PropTiger has acquired Gurgaon-based startup virtual and augmented reality & 3D visualisations startup 3DPhy. With this acquisition, PropTiger aims to advance its technological platform to further enhance its hi-tech marketing solutions for developers.