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)
BUSINESS
NSE floats RFP, invites i-banks and law firms for IPO pitches
The issue will be an offer for sale by existing shareholders of the bourse. The IPO Committee has selected Rothschild as an independent advisor to oversee the IPO process
BUSINESS
Race for Royal Challengers Bengaluru: Diageo sets mid-March deadline for submission of binding bids
The submission of bids by suitors follow’s a strategic review of the IPL franchise, non-core to USL’s ( United Spirits Limited) alcobev business, initiated in November
BUSINESS
Novartis AG signs pact with ChrysCapital to sell majority stake in Novartis India
Earlier on February 19, Moneycontrol was the first to report that ChrysCapital was in final stage talks to pick up a majority stake in Novartis India.
BUSINESS
ChrysCapital in final stage talks to acquire parent Novartis AG's stake in Novartis India
If the deal goes through, it would mark the first majority deal for Chrys Capital in the Indian pharma segment, sources told Moneycontrol
BUSINESS
BNP Paribas emerges lead suitor for Warburg Pincus stake in IndiaFirst Life Insurance
On November 13, 2025 Moneycontrol was the first to name BNP Paribas as one of the suitors for the deal. Warburg Pincus is exploring an exit after entering the insurer nearly eight years back
BUSINESS
Race for Royal Challengers Bengaluru: Around 9-10 bidders shortlisted for due diligence set to begin this week
The submission of bids by suitors follow’s a strategic review of the IPL franchise (non-core to USL’s alcobev business) initiated in November and expected to conclude by March 31, 2026
BUSINESS
Blackstone & co-investors to enable $1.2 bn fund infusion in AI cloud platform Neysa
Other equity investors in the transaction include TVS Capital, 360 ONE Assets, and Nexus Ventures
BUSINESS
Razorpay picks 4 i-banks for $700 mn plus IPO
Founded by IIT Roorkee alumni, the Bengaluru based firm is backed by the likes of GIC, Peak XV and Tiger Global
BUSINESS
NSE IPO panel picks Rothschild to oversee IPO process
The issue will be an offer for sale by existing shareholders of the bourse
COMPANIES
India’s stock market will have a better year in 2026, says KKR’s Henry McVey
‘Indian equities compound better than any other emerging market in most developed economies that I have tracked in my 30 plus year career,’ McVey said
COMPANIES
Outbound M&A by India Inc will sustain, says Citi’s Rahul Saraf
In an interview with Moneycontrol, Saraf also highlighted that founders of new-age businesses have now come to a point that they understand what it takes to have a sustainable performance in the market, not just in the IPO
BUSINESS
Temasek led consortium in talks for Rs 1,500 cr pre-IPO round in Clean Max Enviro Energy
US private equity firm Bain Capital, 360 ONE and Steadview Capital are the other investors keen to join the consortium
BUSINESS
PAG enters final lap talks to acquire TA Associates & True North backed Accion Labs
TA Associates first invested in Accion Labs in 2020. Then in 2022, True North acquired a significant minority stake from TA Associates.
BUSINESS
Poonawalla Fincorp picks Jefferies, Kotak and JP Morgan for up to Rs 5,500 crore equity capital raise
Incidentally, back in July 2025, Poonawalla Fincorp approved a fund infusion of up to Rs 1,500 crore via the preferential allotment route by promoter entity Rising Sun Holdings
BUSINESS
InMobi, India’s first unicorn, targets $500 mn plus IPO at $4bn to $5 bn IPO valuation; taps 8 i-banks
A pre-IPO round will precede the listing and the firm’s reverse flip (redomiciling from Singapore to India) is in process, sources told Moneycontrol
COMPANIES
Mad Over Donuts launches part stake sale amid deal rush in food segment
Earlier deals at dessert brands Belgian Waffle and Theobroma valued both firms around Rs 1,700 crore and Rs 2,400 crore respectively
BUSINESS
Race for RCB: Dr Ranjan Pai, Adar Poonawalla, EQT, Premji Invest submit non-binding bids
Private equity giant Blackstone is also planning to submit a potential non-binding bid, but no final decision has been taken, sources said
