Global investor, TPG Capital is trying to merge Fortis Healthcare and Manipal Health Enterprises. if it succeeds the move will create the country's biggest healthcare group, reports the Times of India.
UnitedHealth Group Inc's said it would buy Surgical Care Affiliates Inc for about USD2.30 billion, adding heft to its business that provides services including primary and urgent care in ambulances.
Billionaire brothers Malvinder and Shivinder Singh are in talks with private equity group TPG Capital to lay off a significant minority stake in Fortis Healthcare, reports The Economic Times.
US buyouts firm TPG Capital, Singapore sovereign fund Temasek, Canada‘s CPP Investment Board and Prem Watsa‘s Fairfax Financial Holdings are in lining up to acquire as much as 49 percent in Mumbai International Airport Ltd (MIAL) from the GVK group
The appointments are in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Tata Power said in a statement today.
TPG has offered to pay around USD 300 million, and the deal is likely to be finalized after the two companies negotiate on a few terms of agreement.
In this deal, both of the companies together will aim at launching USD 1 billion fund to invest in debt-laden companies and ease the non-performing asset (NPA) situation, reports CNBC-TV18's Nisha Poddar, quoting sources.
The big question is whether the IDBI strategic stake sale would be to one entity or whether the government would opt for a wide-holding.
Finance Minister Arun Jaitley in his Union Budget speech in February said, "The process of transformation of IDBI Bank has already started. Government will take it forward and also consider the option of reducing its stake to below 50 percent."
Securities and Exchange Board of India (Sebi) issued its final observations on the draft offer documents on May 28, which is necessary for companies to launch any public offer.
According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, the investment in the said quarter registered a year-on-year jump, but declined on a quarter-on-quarter basis.
The firm would garner up to Rs 400 crore by issuing fresh equity shares, while private equity firm TPG Capital, Oriole Ltd and the company's promoter Ravi B Goyal would rake in up to Rs 950 crore through the sale of existing shares, according to draft documents filed with Securities and Exchange Board of India (Sebi).
The company plans to raise up to 4 billion rupees by issuing new shares, while TPG and other shareholders would raise up to 9.5 billion rupees selling existing shares in AGS, which offers payment solutions and technology products to banks and retailers, the terms showed.
Sun also sought to take full control of its US-listed Israeli unit Taro Pharmaceutical Industries Ltd , but the deal was terminated last year after a long-drawn battle.
Bangalore-based Sutures India Pvt Ltd received an investment of Rs 1.45 billion from TPG Growth, a unit of US private equity firm TPG Capital.
TPG Capital LP has been exploring a sale of Aptalis Pharma, a specialty drugmaker it has owned since 2008 and values at more than USD 3 billion, four people familiar with the matter said on Wednesday.
The Chennai-based conglomerate's non-financial businesses include power, infrastructure and construction, and real estate, and the investment would be used to fund growth, said the sources, who declined to be named as the negotiations are not yet public.
US private equity firm KKR & Co LP has agreed to buy a controlling stake in Indian tyre maker Alliance Tire Group for about USD 500 million from Warburg Pincus LLC, three sources with direct knowledge of the matter told Reuters.
SP Tulsian of sptulsian.com feels Shriram Transport Finance Corporation can give 3-4 percent return next week.
ShriramAhead of the Railway Budget on February 26, the Railway stocks seemed weak on account of huge sell-off. In an interview to CNBC-TV18, SP Tulsian says that the market is on the right track in being cautious towards Railway stocks.
US private equity firm TPG Capital has raised USD 305 million by selling about half of its stake in commercial vehicle financier Shriram Transport Finance Co Ltd, a source with direct knowledge of the matter said on Thursday.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his outlook on stock across various sectors. He is bullish on market going ahead and expects RBI to cut rate in its January monetary policy.
Last September, less than two weeks after an IPO plan was approved, the private equity owners of India's Lilliput Kidswear got a call that set off a chain of events that could wipe out their investment.
When Ind-Barath Power Infra Ltd dropped plans for a USD 200 million IPO earlier this year, it not only thwarted the fundraising plans of its controlling shareholder, but blocked an exit route for a clutch of private equity investors.
As part of its corporate restructuring programme, Shriram Holdings will be amalgamated with commercial vehicle financier Shriram Transport Finance.