BUSINESS
Promoters of Hyderabad-based Granules India revive exit plans
Recent deals like Advent-Ra Chem Pharma, Carlyle – Sequent Scientific and Carlyle –Piramal Enterprises are examples of rising interest from private equity funds in the domestic active pharmaceutical ingredients segment.
BUSINESS
Indiabulls Housing Finance launches QIP with base size of $60 million, floor price of Rs 206.7/share
The QIP launch follows the trend of many banks and NBFCs hitting the market to raise funds to soften the hit of potential bad loans triggered by the COVID-19 pandemic
BUSINESS
Amber Enterprises launches QIP to raise around Rs 400 crore
Moneycontrol was the first to report on the firm’s QIP plans on August 22 and had indicated that the launch was likely in September
BUSINESS
Edelweiss, Deloitte selected as pre-IPO advisors for largest-ever LIC IPO
The scope of the mandate includes advising the Centre on the modalities of the IPO and the timing, and arriving at an optimal capital structure.
BUSINESS
‘Kyunki digital ka zamana hain’: Ekta Kapoor’s Balaji Telefilms begins search for investors
Balaji Telefilms, one of India’s most successful production houses, is targeting strategic and financial opportunities to add value to its business, especially the fast growing OTT vertical
BUSINESS
Serum Institute exploring fund raise at subsidiary level by diluting minority stake for COVID-19 project: Adar Poonawalla
The fund raising plans are at an early stage and were confirmed by Serum Institute CEO Adar Poonawalla
BUSINESS
PTC India puts majority stake in NBFC arm PTC India Financial Services on the block
The board of PTC India had initially proposed the divestment plans to shareholders on August 7, 2019 but received the requisite internal approvals for the deal after delays on account of the ongoing COVID-19 pandemic
BUSINESS
RIL AGM: The largest continuous fundraising by a corporate has ended. Or has it?
In less than four months, Jio Platforms has attracted a staggering Rs 152,056 crore from a total of 13 investors by shedding around 33 percent stake
BUSINESS
China’s Fosun-backed Gland Pharma files papers for Rs 5,000-6,000 crore IPO
If the listing plans fructify, this could arguably be the first major domestic IPO of an Indian company with a Chinese parent.
BUSINESS
Info Edge lines up 4 merchant bankers for QIP
Consumer internet company Info Edge, which backs the likes of Naukri.com, 99acres.com and Zomato, Aims to build COVID -19 M&A warchest
BUSINESS
Exclusive | Hedge fund Route One Investment in talks to raise stake in IndusInd Bank
A few other investors may also join Route One and participate in what could potentially be a wider fundraising round through the preferential allotment route
BUSINESS
Exclusive | Ex-ICICI Bank executive Murali Ramakrishnan likely to be named as CEO of South Indian Bank
If the proposed move fructifies, Ramakrishnan would be the first MD & CEO of South Indian Bank coming on board from a private sector lender.
BUSINESS
Yes Bank takes Zee Entertainment to court over $50 million loan guarantee spat
Yes Bank fails to get interim relief in the Bombay High Court, case is related to a disputed guarantee on a 2016 loan.
BUSINESS
Contract research firm Anthem Biosciences looks to sell minority stake in deal valuing firm at $1 billion
“Anthem Biosciences is looking to tap investors, primarily private equity funds & sell a 10 percent stake in the firm and raise around $100 million. If plans fructify, this would value the firm at a billion dollars," a source said.
BUSINESS
Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million
The transaction values the Piramal Pharma at an enterprise value (EV) of $2.77 billion with an upside component of up to $360 million depending on the company’s FY21 performance.
BUSINESS
Exclusive | Blackstone launches block deal in Embassy Office Parks REIT, looks to raise around $300 million
Embassy Office Parks REIT owns a portfolio comprising seven office parks and four prime city-centre office buildings, totalling 32.7 million sq ft as of December 31, 2018.
BUSINESS
Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.
BUSINESS
HDFC looking to raise up to Rs 14,000 crore to bolster liquidity and expand business
HDFC said it has made provisions of Rs 10,988 crore as of March 31. This is Rs 6,800 crore over and above the regulatory requirement.
BUSINESS
COVID-19 impact: SEBI paves way for consolidation of promoter stake and quicker QIP deals in listed companies
Spare a thought for the small-cap and mid-cap companies.
BUSINESS
CSB Bank appoints Pralay Mondal as president
Mondal, who was with Axis Bank, is expected to take up his new assignment in September 2020.
BUSINESS
Axis Bank's Pralay Mondal likely to join Fairfax-backed Catholic Syrian Bank
"After joining CSB Bank, Mondal may later take up a leadership position following a transition period," a source told Moneycontrol.
BUSINESS
The fundraising tsunami few expected during COVID-19
Moneycontrol spoke to corporate India’s top merchant bankers and capital market lawyers to decode the enormous wave of fundraising in the equity capital markets during the lockdown, the key triggers and trends and the road ahead…
BUSINESS
JM Financial launches $100 million QIP
The QIP has been launched at an indicative price of Rs 70 per share, which represents a 1.41 percent discount to the last closing price on June 9
BUSINESS
Have adequate liquidity to weather condition, says Yatra CEO after failed Ebix merger
“Our liquidity combined with our current fixed cost base of $1.2 million gives us enough of a cushion for the near term,” he told Moneycontrol, brushing aside concerns about the financial health of the firm post the failed deal with Ebix.
