BUSINESS
Lenskart targets IPO valuation of around Rs 70,000 crore; set to launch issue between Oct 31-Nov 4
Due to pre-IPO rounds, the OFS or offer for sale portion may be trimmed and the final combined size of the issue may fall between Rs 7,250 crore ($826 mn) to Rs 7,350 crore ($837 mn), sources told Moneycontrol
BUSINESS
MTR Foods parent Orkla India likely to launch around Rs 1,660 crore IPO between Oct 29 and Oct 31
The post-money valuation of the IPO has settled at around Rs 10,000 crore ( $1.13 bn) at the higher end of the price band, sources told Moneycontrol
BUSINESS
Emirates NBD to acquire majority stake in RBL Bank through primary infusion of $3bn
The proposed investment will be made via a preferential issue of up to 60% and will be subject to regulatory approvals and other customary closing conditions.
BUSINESS
Temasek enters exclusive talks for minority stake in Romsons Group at around $1bn valuation
The proposed transaction would provide growth capital to Romsons Group for approaching new markets and aid in potential inorganic activity
BUSINESS
Piramal-Bain JV IndiaRF promoted Synthimed Labs exploring fund raise at up to $1-bn valuation
The portfolio firm, which acquired the API & CRAMS business of Indi-Swift Laboratories in September 2023, is keen on more inorganic activity
BUSINESS
RBL Bank to consider fund raise proposal on October 18 in backdrop of majority stake sale talks with Emirates NBD
If the Emirates NBD-RBL Bank transaction goes through, it would be one of the biggest banking sector m&a's in India Inc, underscoring the rising interest of overseas financial services majors in Indian assets
BUSINESS
Emirates NBD in advanced talks for acquiring majority stake in RBL Bank
At the end of day's trade on October 13, a 51 per cent stake in the private sector lender was worth around Rs 9,071 crore ( $1.02 bn). Emirates NBD has also been linked to the IDBI Bank stake sale earlier.
BUSINESS
MTR Foods parent Orkla India eyeing $1 bn-plus IPO valuation; issue launch likely by November
The MNC issue, purely an offer for sale, is likely to be launched by November depending on market conditions
BUSINESS
Jean Eric Salata nominated to succeed founder Conni Jonsson as Chairperson of EQT's board
EQT's India portfolio includes IPO-bound Indira IVF, Credila Financial Services and Niwas Housing Finance (formerly known as IndoStar Home Finance)
BUSINESS
Private equity fund True North exploring sale of controlling stake in pharma firm Integrace
Early discussions have kickstarted with a few select suitors keen on a domestic formulations platform. Temasek is the other key shareholder in Integrace.
BUSINESS
Tata Capital trims valuation to around $15.7 billion ahead of IPO launch
The decision was taken over the weekend and the move is a 'good will' gesture by the Tata's to leave more on the table for investors, sources told Moneycontrol
BUSINESS
Tata Capital to launch 2025's biggest IPO between October 6-8
Insurance giant LIC is likely to make a big bet on this issue with the anchor portion likely on October 3
BUSINESS
Polycab India promoter group launches block deal; looks to raise around $100 million via small stake sale
The promoter group holds 63.01 per cent stake and the market cap of Polycab India at the end of day's trade on September 24 was Rs 1,13,397.22 crore
BUSINESS
Walmart owned PhonePe files for mega IPO of around Rs 12,000 crore via confidential route
The proposed IPO is a pure OFS or offer for sale with participation from Walmart and investors Tiger Global and Microsoft
BUSINESS
Tata Capital targets $16.5 bn valuation for its $1.85-bn IPO; early October launch on cards
Insurance behemoth LIC is likely to participate as an investor in the mega issue, the biggest so far this year
BUSINESS
Brookfield & GIC seal mega strategic pan-India partnership for office assets worth $1bn, including BKC's Equinox
Post this latest alliance, Brookfield and GIC have sealed deals worth nearly $2.5 bn in India. Both had joined hands earlier to acquire Candor Techspace G1 ( Gurugram) and Downtown Powai, Mumbai in a deal valued at $1.4 bn
BUSINESS
Race for TA Associates & True North backed Accion Labs: PAG, Carlyle & Apax move to next leg
Investment banks JP Morgan and Avendus Capital are the sell-side advisors on the proposed transaction which is in due diligence stage
BUSINESS
Race for Apollo Cradle & Children’s Hospital: Strategic players, PE firms evince early interest
Investment bank Allegro Capital is running the sell-side process for the Chennai-headquartered healthcare major
BUSINESS
Warburg Pincus eyeing exit from IndiaFirst Life Insurance post 2018 bet
Investment bank Barclays has been roped in as an advisor to find a buyer for the PE major’s 26 per cent stake
BUSINESS
Post-Sahyadri buyout, Manipal Hospitals pivots to fast-track mode for mega IPO; seeks revised valuation from bankers
Manipal Hospitals, a pan-India chain with 12,000-plus beds, is keen to fast-track the listing process now and kick-off the deal. If required, the firm may avail Sebi's new relaxed norms for large issuers, in case listing valuation exceeds Rs 1 lakh crore
BUSINESS
Danish brewer Carlsberg evaluating IPO of India arm
A clutch of select investment banks invited by the beer manufacturing behemoth for listing pitches in September
BUSINESS
Dr Agarwal's Eye Hospital approves merger with parent Dr Agarwal's Health Care
As per latest exchange data, Dr Agarwal's Health Care Ltd ( AHCL) which made its Dalal Street debut in January, holds 71.90 per cent stake in Dr Agarwal's Eye Hospital Ltd (AEHL)
BUSINESS
Warburg-controlled Vistaar Financial inducts new investors in Rs 1,360-crore fund raise
The company manages over Rs 5,000 crores in AUM with a capital adequacy ratio exceeding 50%
BUSINESS
WestBridge Capital to pick up 15% stake in MF arm of Edelweiss Financial Services
Edelweiss MF, one of India’s fastest-growing AMCs, has reached a total AUM of Rs 1,52,200 crore as of June 30, 2025, reflecting a 44% CAGR over the last five years
