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
BUSINESS
IRB Infra block deal: Cintra looks to sell around 5% stake for $228 mn
"The block deal has been launched and the floor price is at a 10.2 per cent discount to the closing price of IRB Infra on June 10, " one of the persons said.
BUSINESS
Bajaj Finance arm Bajaj Housing Finance files draft papers for upto Rs 7,000 crore IPO
The proposed mega listing marks the return of the Bajaj group to the public market after several years.
BUSINESS
Deal street momentum to continue despite election surprise, say dealmakers
Since January 1, 31 firms have listed on the domestic bourses and raised Rs 45,774 crore, according to data by Prime Database. The year has also seen big-bang M&A action with the $8.5 billion RIL-Disney merger and the $2.5-billion sale of American Tower Corp's (ATC) India unit to Brookfield-backed DIT
BUSINESS
Bajaj Finance arm Bajaj HF approves IPO; fresh issue of up to Rs 4,000-cr plus OFS
The proposed mega listing marks the return of the Bajaj group to the public market after several years
BUSINESS
Temasek and MOPE-backed Molbio Diagnostics kickstarts IPO prep, aims Rs 22,000-24,000 cr valuation
Molbio Diagnostics, which is known for its molecular diagnostics platform, became Goa's first startup to hit unicorn status in September 2022
BUSINESS
Emami Group weighs strategic options for pharmacy retail chain Frank Ross
The stock price of Emami Ltd, the flagship company of the Emami Group, hit a 52-week high during trading hours on May 30 post a healthy set of Q4 earnings and positive business outlook
BUSINESS
LG Electronics India eyes IPO after Hyundai’s move; no final decision yet
“We believe that recent speculations stem from the high expectations the market holds for LG Electronics in India,” an LG Electronics spokesperson said
BUSINESS
India's biggest IPO? Hyundai also picks Kotak, MS to finalize syndicate; eyes $2.5 bn to $3 bn raise
Hyundai Motor India was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes
BUSINESS
Carlyle-promoted Hexaware picks 5 i-banks for mega IPO at $5-6-bn valuation, India's biggest in IT services since TCS
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020
BUSINESS
'Shriram HF acquisition is a Deja Vu moment for us', says Narendra Ostawal of Warburg Pincus
Ostawal leads the investment advisory activities of Warburg Pincus in India and joined the firm in 2007
BUSINESS
MC Exclusive: MNCs looking at India in a very different way as compared to few years ago, says JP Morgan's Navin Wadhwani
Wadhwani joined JP Morgan India as head of investment banking in October 2022. He has three decades of experience as a dealmaker and has previously worked at RIL, Rothschild and Arthur Andersen
BUSINESS
Targeting $50 bn valuation for IIHL's BFSI portfolio by 2030; hopeful of quick IRDAI nod for RCap buyout: Ashok Hinduja
IIHL is awaiting the green signal from the insurance sector regulator IRDAI for the Rs 9,661 crore Reliance Capital acquisition
BUSINESS
Race for Apax Partners promoted Healthium Medtech: KKR seen as lead contender
In 2018, British private equity firm Apax Partners acquired Healthium Medtech from investors including TPG Growth and CX Partners
BUSINESS
Race for Shriram Housing Finance: Mubadala in talks to join front-runner Warburg Pincus as co-investor
Parent Shriram Finance, which is mainly into commercial vehicle financing, owns 84.82 percent in Shriram Housing Finance, while 14.94 percent stake is held by San Fransisco, California-based private equity player Valiant Capital Management
BUSINESS
Veeda Clinical Research: CX Partners-led consortium looks to sell majority stake, eyes $600 mn -$650 mn valuation
In December 2018, a consortium of growth-oriented private equity firms led by CX Partners acquired a 'significant' equity ownership in Veeda.
BUSINESS
Manipal Hospitals to acquire Kolkata's Medica Synergie
Temasek-backed Manipal Hospitals will integrate Medica Synergie into its portfolio and rebrand it, taking its total bed count to more than 10,500
BUSINESS
Markets brace for uncertain times ahead in May, major hurdle for bulls seen at 22,500
Nifty up move is unlikely unless Call writers exit from the 22,500 strike. This level is likely to act as a major hurdle for the index.
BUSINESS
IPO market in India unmatched when compared to rest of the world, says PwC's Eric Janson
In an exclusive interview with Moneycontrol, the PwC veteran cited technology, healthcare and industrials as his top sectoral picks for deal activity while adding that the funding winter is not yet over
BUSINESS
Canadian pension fund CPPIB sells part stake in Delhivery via $110-mn block deal
Over and above Delhivery, CPPIB has also bet on other new-age firms in the past like Zomato, Flipkart, Nykaa, Acko, Dailyhunt, Paytm and Byju's
BUSINESS
Blackstone-backed Aadhar HF reduces IPO size to Rs 3,000 cr; targets early May launch at Rs 13,500-cr valuation
On April 5, Moneycontrol reported that Sebi had given the green signal for the Aadhar HF IPO. The firm had refiled its draft initial share sale documents with the market regulator in February
BUSINESS
Race for Yes Bank: Bids likely by month-end, Emirates NBD may also join the fray
NBD (National Bank of Dubai) merged with Emirates Bank International (EBI) on March 6, 2007 to form Emirates NBD
BUSINESS
Short covering aided rally in Nifty likely to continue during next week
Both the price action and the derivative data indicators point towards a possible short covering in the last week of the April series.
BUSINESS
Post Ola Electric, now Ola Cabs meets investment banks, weighs IPO
A clutch of global and domestic investment banks are learnt to have met senior executives of Ola Cabs and discussed potential IPO
