BUSINESS
'Higher the capex in Budget, the better; PEs happiest-ever from capital market exit momentum': JM Financial's Vishal Kampani
In an exclusive interview with Moneycontrol's, Kampani adds that global private equity funds are happier than ever with the exit momentum from India's capital markets and will continue to acquire more firms than corporates going ahead.
BUSINESS
Budget 2024: What is on the private equity wish list?
Private equity investments saw a 31 percent year-on-year rise during the April-June period, though the number of deals dipped from 353 to 299, LSEG Deals Intelligence data shows
BUSINESS
Temasek's Ravi Lambah on Manipal Hospitals IPO, impact of Hyundai India listing on MNCs and ongoing block deal frenzy
Over the last decade, India has been Temasek’s best performing market globally and its total mark to market India exposure, including the indirect exposure to Airtel through Singtel, is around $37 billion
BUSINESS
Cyril Amarchand's Shishir Vayttaden to join Khaitan & Co along with 2 other partners
Vayttaden specialises in public and private M&A and in private equity transactions. He is the author of a highly respected textbook on the Indian takeover code and is also a best-selling fiction author of the book, Kill the Lawyers.
BUSINESS
MC Exclusive | PE firm Actis-promoted NBFC Profectus Capital looks to sell stake, induct a partner
Profectus Capital is registered with the RBI as a systematically important non-deposit-taking NBFC and focuses on two clusters - services and manufacturing
BUSINESS
MC Exclusive | Speciality hospital chain The Eye Foundation taps PE funds in maiden bid to raise $100 mn
In the last two years, the Indian eye care segment has attracted investments from private equity firms like Chrys Capital, TPG Growth, Temasek and Quadria Capital
BUSINESS
Aavas Financiers: EQT, CVC Capital & Bain in the fray as promoters Kedaara, Partners Group explore full exit
In February 2016, a Kedaara-Partners JV acquired Aavas Financiers Ltd. Incidentally, both the promoters, Kedaara Capital and Partners Group, have diluted part stake earlier in the year via the block deal route.
BUSINESS
Multiples PE front-runner to pick up minority stake in Premji Invest-backed Shubham Housing Finance
Premji Invest holds a stake of around 41 per cent in Shubham Housing Finance and other investors include Helion Ventures Partners, British International Investment, Asian Development Bank, Leapfrog Investments and Motilal Oswal PE
BUSINESS
Vishal Mega Mart weighing confidential filing of IPO papers; fourth after Tata Play, Oyo & Swiggy
In May 2018, Kedaara Capital and Partners Group acquired Vishal Mega Mart from TPG
BUSINESS
Aavas Financiers: Big-bang stake sale brewing as Kedaara, Partners Group explore full exit
In February 2016, a Kedaara-Partners JV acquired Aavas Financiers Ltd. Incidentally, both the promoters, Kedaara Capital and Partners Group, have diluted part stake earlier in the year via the block deal route
BUSINESS
Mega sale of Advent-backed Bharat Serums & Vaccines: Who are the 3 suitors in the final lap?
Moneycontrol was the first to report the firm's sale plans on December 2. Advent International is expecting a valuation between $1.5 bn to $2bn for its portfolio company, the report had added.
BUSINESS
Polycab India promoters likely to sell part stake worth upto $257 million via block deal
The block deal has been launched and investment bank Jefferies is acting as the advisor, one of the sources said
BUSINESS
'Expected IPO timelines are 18-24 months': Kogta Financial's Arun Kogta post fresh fund raise by Ontario Teachers
Kogta Financial, an NBFC (non-banking financial services company), has sealed a series E fund raising round and mopped up Rs 1,230 crore from top Canadian pension fund Ontario Teachers' Pension Plan.The Jaipur-based firm was founded in 1996 and has assets under management of Rs 4,800 crore
BUSINESS
NBFC Kogta Financial raises $148 mn from Canada's Ontario Teachers Pension Plan in Series E round
The deal will also provide partial exits to Kogta’s existing institutional investors Morgan Stanley Private Equity Asia and Creador
BUSINESS
Canada's Ontario Teachers may invest around $150 mn in Kogta Financial; Creador, Morgan Stanley PE to partially exit
Ontario Teachers is looking to pick up a stake of around 24 percent in the NBFC, multiple people in the know told Moneycontrol
BUSINESS
Prestige Estates taps Kotak, JPM, JM Fin and CLSA for Rs 5,000-crore QIP; launch likely in July-Aug
In April, Prestige Group announced that it had achieved a record-breaking sales milestone of Rs 21,040 crore for FY24
BUSINESS
Hyundai effect? Italian auto component maker Carraro Group picks 3 i-bankers, kickstarts India IPO prep
Carraro's presence in India dates back to 1997, when a JV was signed with Escorts Ltd, leading to the development of a project to establish a manufacturing centre in the Ranjangaon (Pune) area
BUSINESS
Warburg-backed student lender Avanse files for Rs 3,500-crore IPO
The IPO consists of a fresh issue of Rs 1,000 crore and an offer for sale of up to Rs 2,500 crore.
BUSINESS
Pratik Loonker joins Axis Capital as Head of ECM and Co-Head Financial Sponsors; two more MDs also onboard
The appointments come as veteran dealmaker Atul Mehra looks to strengthen the deal team since he took charge as the MD & CEO of Axis Capital on April 1
BUSINESS
Aster DM Healthcare block deal: PE firm Olympus planning $100-mn stake sale with upsize option
The block deal has been launched with an upsize option of an additional 5 percent stake. Based on demand, this could potentially be a $200-million clean up trade with Olympus selling its entire balance 10.1 percent stake
BUSINESS
Hyundai Motor India files draft papers with Sebi for record IPO of around $3 billion
Hyundai Motor India Limited was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes. The firm ended FY23 with revenue of Rs 60,000 crore and profits of Rs 4,653 crore, the highest amongst the non-listed car manufacturers
BUSINESS
Hyundai Motor India to shortly file for country’s largest IPO, aiming for $3 billion with valuation target of $18-20 billion
Hyundai Motor India Limited was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes. The firm ended FY23 with revenue of Rs 60,000 crore and profits of Rs 4,653 crore, the highest amongst the non-listed car manufacturers
BUSINESS
Bain Capital planning to exit L&T Finance and sell balance stake via block deal
The floor price for the block deal hasa been fixed at Rs 169.17 per share, a 0.85 percent discount to the last closing price of Rs 170.62 per share
BUSINESS
IndiGo block deal: Rahul Bhatia promoter entity plans to sell around 2% stake worth $394 mn
"This is the first time in many years that he is looking to unlock value and pocket some returns," said one of the persons to Moneycontrol on the condition of anonymity
