BUSINESS
JSW Cement plans to trim IPO size to $415 mn; eyes early August launch at $2.3 bn valuation
The initial share sale would be the cement sector's first offering by a major group since Nirma group backed Nuvoco Vistas' Rs 5,000 crore IPO in August 2021. Incidentally, the listing of JSW Infrastructure in October 2023 marked the group's first public offering in 13 years.
BUSINESS
Goodyear launches sale process for Indian arm’s farm tyre business, engages Citi
In April, CEAT agreed to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 million.
BUSINESS
Exit pipeline via IPOs would aggregate to $3 bn plus in next three years, says ChrysCapital’s Sanjay Kukreja
Enterprise tech, pharma/healthcare, consumer and financial services remain the firm’s focus investment areas. Kukreja expect’s $40 bn to $50 bn of just private equity deals in the course of the next 12 months
BUSINESS
Tilaknagar Industries acquires Pernod Ricard India's Imperial Blue whiskey biz for Rs 4,150 crore
Pernod Ricard said the sale will enable it to fully tap into premiumization trends and support sustainable growth
BUSINESS
IDBI Bank & NSE-backed NSDL plans $463-mn IPO launch next week at $1.85-bn valuation
The firm is targeting the IPO for public subscription between July 30 and August 1, with the anchor book portion scheduled for July 29
BUSINESS
Tilaknagar Industries board to consider fund-raise tomorrow; all eyes on Imperial Blue whiskey sale process
On July 7, Moneycontrol was the first to report that Tilaknagar Industries had edged ahead of other suitors and entered exclusive negotiations for the proposed buyout of Imperial Blue whiskey owned by French liquor giant Pernod Ricard
BUSINESS
Expect more activity in India & Japan in H2 2025; both have strong pipeline, says new EQT CEO Per Franzen
As part of its half-year report for 2025, the firm said it now ranks as the second-largest private equity firm globally by capital raised and the largest alternative investment platform in Europe across private equity, infrastructure, and real estate
BUSINESS
Thematically, like to focus on family-owned businesses, says Temasek's Ravi Lambah
Financials form a key part of Temasek's India portfolio and Lambah shares that the firm is now ready to explore newer bets beyond banks, in verticals like asset management and wealth management
BUSINESS
Predictable policies under PM Modi support investment and deal activity: JP Morgan's Anu Aiyengar
There is a heightened degree of dialogue around India in global boardrooms and clients want to use India as a hub for growth, Aiyengar told Moneycontrol.
BUSINESS
For private equity, India has emerged as the star performer, says JP Morgan's global head of advisory and M&A Anu Aiyengar
India has had a predictable policy regime under Mr. Modi’s leadership, which supports investment and deal activity, and it has emerged as the largest and the highest IRR ( internal rate of return) market in APAC for many financial sponsors, Aiyengar adds
COMPANIES
Partners Group seals deal for majority stake in NBFC Infinity Fincorp Solutions
The investment of around $230 million in Infinity was led by Partners Group with participation from existing shareholder Jungle Ventures.
BUSINESS
Ontario Teachers’ announces sale of Sahyadri Hospitals to Manipal Hospitals
Sahyadri is one of Maharashtra’s largest hospital chains, with 11 hospitals and over 1,400 beds, delivering best-in-class healthcare to millions across the region.
BUSINESS
Tilaknagar Industries enters into exclusive talks for acquisition of Pernod Ricard's Imperial Blue whiskey
Through the Imperial Blue sale process, Pernod Ricard can focus on higher-margin, premium brands like Glenlivet, Jameson, and Chivas Regal.
BUSINESS
Temasek, Ranjan Pai-backed Manipal Hospitals to win race for Sahyadri Hospitals with near Rs 6,150-crore bid
Final, definitive documents between OTPP and Manipal Hospitals could be signed within the next few days
BUSINESS
ICICI Prudential AMC may shortly file papers for up to Rs 10,000-cr IPO; pure OFS by British JV partner
If plans fructify, this would be the fifth listing from the ICICI Group; it would also be the fifth mutual fund listing
BUSINESS
Top-deck exit at Apollo Global Management; Utsav Baijal steps down, headed to Bain Capital
During his stint, the firm has bet on IPO-bound JSW Cement and HeroFinCorp as well as InterGlobe Technologies, Monnet Ispat , Mytrah Energy and Avantha Holdings via Aion Capital ( a JV with ICICI Ventures). Recently, an Apollo-led investor group sealed a $750 mn deal with Adani's Mumbai Airport
BUSINESS
EY's TMT deal's spearhead Ajay Shah headed to financial services outfit backed by Madhu Kela
Ajay Shah has been with EY since 2007 and has advised on deals including the PVR- Inox Leisure merger, Bodhi Tree's $600 mn investment in Allen Career Institute and the stake buy by Warburg Pincus in Avanse Financial Services
BUSINESS
Manipal Hospitals & EQT emerge front-runners for buyout of Ontario Teachers backed Sahyadri Hospitals
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune based Sahyadri Hospitals Group from the Everstone Group
BUSINESS
JSW Paints signs pact to acquire AkzoNobel India for Rs 8,986 crore
JSW Paints has signed definitive agreements to acquire up to 74.76 percent stake in Akzo Nobel India for up to Rs 8,986 crore, marking one of the largest deals in India’s paints sector.
BUSINESS
JSW Paints likely to soon sign final pact for acquiring AkzoNobel India
Analysts believe the proposed buyout will bolster the presence of JSW Paints in the decorative paints segment and the firm stands to benefit from the well-recognised Dulux brand
BUSINESS
Hillhouse-backed Versuni, formerly Philips Domestic Appliances, picks Kotak and Citi for $300-350 million India arm IPO
In March 2021, Amsterdam based Royal Philips announced that it had signed an agreement to sell its Domestic Appliances business to Hillhouse Investment for around $4.37 bn
BUSINESS
KKR planning fund-to-fund transfer for school chain Lighthouse Learning, formerly EuroKids, as part of internal rejig
In 2019, KKR completed the acquisition of a controlling stake in Lighthouse Learning from the existing investor consortium, led by Gaja Capital
BUSINESS
LIC leads way as HDB Financial Services raises Rs 3,369 cr from anchor investors
On June 5, the insurance behemoth announced that the company's current executive director Ramakrishnan Chander has taken charge as its Chief Investment Officer
BUSINESS
EQT, Blackstone backed Quality Care, Manipal Hospitals, IHH submit binding bids for OTPP owned Sahyadri Hospitals
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune based Sahyadri Hospitals Group from the Everstone Group.
