BUSINESS
Advent International weighing sale of packaged snacks maker DFM Foods
Advent International acquired a majority stake in the firm from the promoters and Westbridge Capital for around $118 mn -$120 mn in 2019. Later, the PE fund successfully delisted DFM Foods
BUSINESS
RMZ Group weighing $500 mn plus fund raise via PE route
Canada's CPPIB and Japan's Mitsui Fidosan Co have invested earlier in RMZ Group at the project or platform level
BUSINESS
Ananya Birla-led Svatantra Microfin picks Axis, Kotak for Rs 2,000 cr-Rs 2,500 cr IPO
Aditya Birla Sun Life AMC was the last IPO from the Aditya Birla group in October 2021. Svatantra Microfin is backed by Advent International and Multiples PE
BUSINESS
Aim to become largest consumer packaging business for EM's, says EPL's Hemant Bakshi post Indovida merger
The combined packaging platform will have a valuation of around $2bn with Indorama Ventures and Blackstone as joint promoters
BUSINESS
USL sells RCB to a consortium of Aditya Birla Group, The Times of India Group , Bolt Ventures and Blackstone
The deal announcement concludes the strategic review of RCSPL that was initiated by USL, as announced on November 05, 2025. The transaction is subject to approvals from the BCCI and the CCI
BUSINESS
Consortium of Birla, Blitzer, Blackstone and Times of India emerges lead contender to acquire Royal Challengers Bengaluru
Earlier on March 24, Moneycontrol was the first to report that the world’s biggest private equity firm Blackstone had held talks to join the consortium of Aditya Birla Group and American sports investor David Blitzer , with the possibility of a fourth partner as well
BUSINESS
Temasek- and Dr Ranjan Pai-backed Manipal Hospitals files for mega $1 bn-plus IPO; biggest ever in Indian healthcare
In April 2023, Temasek sealed the largest deal ever by a private equity fund in the Indian healthcare sector by upping its stake and becoming the controlling shareholder in Manipal Hospitals
BUSINESS
Race for Royal Challengers Bengaluru: Blackstone in talks to join Birla-Blitzer consortium in final leg
The promoter family of Arcelor Mittal, led by CEO Aditya Mittal, may also throw its hat in the ring for RCB, either solo or with a partner, making the transaction a potential four-way race, sources told Moneycontrol
BUSINESS
Twist in race for Royal Challengers Bengaluru? Now, Birla-Blitzer consortium also evaluating a bid
The two other suitors in the final leg of the RCB sale are a consortium led by Manipal Hospitals’ Dr Ranjan Pai, US private equity firm KKR and Singapore investment major Temasek and the combine of Swedish private equity firm EQT and Premji Invest.
BUSINESS
US based serial entrepreneur Kal Somani led consortium emerges front-runner for majority stake in Rajasthan Royals
Somani has spent the last 15 years founding and leading ventures focused on ed-tech, data privacy, AI governance and sports tech. He is also the co-owner of Motor City Golf Club and he is an early investor in TMRW Sports and TGL Golf League
BUSINESS
Torrent Gas files draft papers for IPO via confidential route
The listed peers of Torrent Gas include Indraprastha Gas, Mahanagar Gas, Gujarat Gas and Adani Total Gas
BUSINESS
India’s largest asset manager, SBI Funds Management Ltd, to file draft papers shortly for IPO
SBI and Paris-based Amundi have a shareholding of 61.98 per cent and 36.40 per cent stake, respectively, in SBIFML and plan to sell a combined 10 per cent stake through the initial public offer
BUSINESS
L’Oreal in talks to acquire majority stake in personal care startup Innovist at $350 mn-$450 mn valuation
If the ongoing discussions fructify into an eventual buyout, it would mark the second major transaction struck by Innovist’s co-founder Rohit Chawla, who had earlier built The Man Company and sold it to FMCG major Emami
BUSINESS
Race for Rajasthan Royals: Now, Arcelor Mittal promoter family led by Aditya Mittal evaluating buyout
Last year, Aditya Mittal and the trustees of the Mittal family trusts joined a syndicate of buyers led by William Chisholm to acquire the Boston Celtics NBA team.
SPORTS
Race for RCB: Pai-led consortium, EQT–Premji Invest submit binding bids; Adar Poonawalla exits
The deadline for binding bids ended at 5 pm on March 16, sources aware of the development said
COMPANIES
Temasek, ChrysCapital in shortlist for EQT’s stake in CitiusTech
EQT is looking at a valuation north of $2.2 billion for CitiusTech, with the last round with co-investor Bain Capital struck at $2.45 billion
BUSINESS
Majority stake sale in TA Associates- and True North-backed Accion Labs on hold
TA Associates first invested in Accion Labs in 2020. Then, in 2022, True North acquired a significant minority stake from TA Associates
BUSINESS
Take a look at the 20 investment banks and 8 law firms selected by NSE for its mega IPO
With the appointment of 20 i-banks, NSE is set to become the issuer with the highest number of book running lead managers for a mainboard IPO in the history of India Inc. The previous record was held by ICICI Prudential AMC in 2025, which had picked 18 i-banks for its IPO.
BUSINESS
NSE shortlists around 20 investment banks for mega IPO
The issue will be an offer for sale by existing shareholders of the bourse. The IPO Committee had selected Rothschild as an independent advisor to oversee the IPO process
BUSINESS
Sunil Singhania led Abakkus Asset Manager weighing FY27 IPO; to shortlist advisors soon
Singhania founded Abakkus Asset Manager LLP in 2018 and the alpha focused boutique asset manager manages Rs 40,795 Crores or $4.54 billion (as on December 31, 2025) in listed Indian equities
BUSINESS
Estée Lauder to buy remaining stake in Forest Essentials, take full control of Ayurvedic beauty brand
The transaction is expected to close in the second half of calendar year 2026
BUSINESS
I Squared Capital weighing part stake sale in digital infra platform Lightstorm at up to $1.5 bn valuation
Founded in 2012, I Squared Capital is dedicated to the mid-market, managing more than $50 billion in assets globally
BUSINESS
Ananya Birla-led Svatantra Microfin invites IPO pitches; eyes over Rs 3,000-crore issue
Aditya Birla Sun Life AMC was the last IPO from the Aditya Birla Group, with the market debut in October 2021. Svatantra Microfin is backed by Advent International and Multiples PE
BUSINESS
Walmart-owned Flipkart kickstarts early discussions with i-banks for India IPO
US retail giant Walmart , which became the first traditional retailer to hit a $1 trillion market valuation in early February, holds a substantial majority stake in Flipkart and the firm’s cap table also includes marquee names like Softbank, Google and Canadian Pension Plan Investment Board ( CPPIB)
