BUSINESS
Majority stake sale in IPL team Rajasthan Royals in play; The Raine Group roped in as advisor
Preliminary discussions have been held with suitors and investors and the targeted valuation for the franchise is $1bn plus, sources told Moneycontrol. Suitors for RCB may also evince interest in Rajasthan Royals, sources added.
BUSINESS
Biocon picks 4 bankers for up to Rs 4,500 crore capital raise; may launch deal by January
Roadshows for the proposed fund raise will begin shortly, sources told Moneycontrol
BUSINESS
ICICI Prudential Asset Management Co files red herring prospectus for mega IPO
The 51:49 joint venture has existed for 26 years with ICICI Bank tying up with Prudential Plc back in 1998
BUSINESS
Race for iD Fresh Food: Apax Partners in exclusive talks for stake buy at $500-mn valuation
The popular Bengaluru based preservative-free, ready-to-cook brand is backed by marquee investors TPG NewQuest and Premji Invest
MARKETS
Sebi nod in, ICICI Pru AMC eyeing IPO launch in December at $12-12.5 bn valuation
On June 10, Moneycontrol was the first to report that ICICI Prudential AMC had kicked off its mega listing plans.
BUSINESS
Bharti Airtel promoter entity ICIL launches block trade worth up to $806 mn
ICIL has 1.48% stake currently in Bharti Airtel, as per exchange data. The telecom firm's total promoter stake stands at 50.27%
BUSINESS
KKR makes fresh investment in school chain Lighthouse Learning; PSP Capital roped in as new investor
On June 25, 2025, Moneycontrol was the first to report that KKR was planning an internal fund-to-fund transfer for the leading school chain.
BUSINESS
Meesho targeting post-money valuation of Rs 52,500 crore for IPO; set to launch in December
The net proceeds from the IPO will be used for cloud infra investments, inorganic growth and others aspects
BUSINESS
Adani Group launches Rs 2,500 cr block deal eyeing full exit from AWL Agri Business
Earlier in the week, Adani Group which held 20 per cent stake in AWL Agri Business, sold 13 per cent to Wilmar International Ltd by an off-market transaction worth Rs 4,646 crore
BUSINESS
Zydus Lifesciences picks 3 I-banks for Rs 5,000-crore QIP; may launch deal by early 2026
The firm is looking to reduce its debt and eyeing mergers and acquisitions (M&A) opportunities, especially linked to its US specialty business
BUSINESS
Emirates Telecommunications Group Company enters race for majority stake in TA Associates & True North backed Accion Labs
Investment banks JP Morgan and Avendus Capital are the sell-side advisors on the proposed transaction which is currently at an advanced stage
BUSINESS
BNP Paribas, Prudential Plc, PE’s line up for Warburg Pincus stake in IndiaFirst Life Insurance
"On September 16, Moneycontrol was the first to report that Warburg Pincus had kickstarted the process to explore an exit from IndiaFirst Life Insurance"
BUSINESS
ChrysCapital leads race for stake buy in Nash Industries valuing firm between Rs 6,000 cr-Rs 6,300 cr
Set up in 1971, Bengaluru based manufacturing solutions provider Nash Industries has capabilities in design, precision sheet metal stamping, fabrication and assemblies
BUSINESS
Swiggy ropes in 3 advisors for mega fund raise up to Rs 10,000 crore
During its Q2FY26 earnings call, the management indicated that the proceeds from the proposed QIP would be used for strategic reserves and " innovation capital" going ahead
BUSINESS
Global beer giant Carlsberg picks Citi, JPMorgan as advisors for India IPO: Sources
Denmark-headquartered Carlsberg entered the Indian market in 2007
BUSINESS
ChrysCapital’s Kunal Shroff says Lenskart IPO will ‘stack up well’ as investors debate Rs 70,000-crore valuation
Softbank, ADIA and Temasek are some of the other investors in Lenskart.
BUSINESS
ChrysCapital closes record $2.2 bn fund; largest PE fund ever raised by an India-focused firm
The latest fund marks a more than 60 per cent jump from ChrysCapital's $1.35 billion Fund IX in 2022
BUSINESS
Private equity firms may list in India as IPO market expands: KKR Global Co-CEO Scott Nuttall
"It really does feel like our type of capital is welcome here and private capital naturally wants to go where it’s welcomed," the top private equity executive said alluding to the investment friendly regime under the Indian government.
BUSINESS
PE firm Hillhouse Investment to onboard Sudip Mahapatra of S&R Associates
In India, Hillhouse Investment which has multiple IPO-bound portfolio firms, has acquired warehousing assets from IndoSpace and has also struck a JV with Mitsubishi Group for industrial and logistics facilities
COMPANIES
Kedaara Capital-IFC combine emerges front-runner for minority stake buy in IPO-bound Axis Finance
As of September 30, 2025, the overall assets under Axis Finance hit Rs 43,012 crore
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
