BUSINESS
Exclusive | Tata Power prepares to launch rights issue along with infra trust to cut debt
India’s largest private integrated power company’s rights issue could be upwards of Rs 2,000 crore. Tata Power to join similar fundraising efforts of companies such as RIL, M&M Financial Services, Future Consumer and Aditya Birla Fashion & Retail.
BUSINESS
Standard Life launches fresh $260 million block deal in HDFC Life; second stake sale in a day
Earlier in the day, in a separate block deal, Standard Life sold 1.3 percent stake in HDFC Life Insurance in a separate block deal.
BUSINESS
US endowment fund Regents, Oppenheimer top buyers in Uday Kotak's mega Rs 6,900-crore block deal
The second highest buyer of shares was Oppenheimer Developing Markets Fund.
BUSINESS
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
BUSINESS
Exclusive | Kishore Biyani's Future Lifestyle Fashions looks to raise Rs 200-225 crore via rights or preference issue
The listed entity, which counts consumer focused private equity firm L Catterton Asia, Azim Premji's investment arm Premji Invest and the world's largest alternative asset manager Blackstone among its investors, has been hit hard by store closures due to the extended nationwide lockdown.
BUSINESS
KKR India's Sanjay Nayar on Jio deal: See potential for collaborations with portfolio companies
In this interview with Moneycontrol, he sheds light on the investment thesis behind the mega deal, potential synergies within the KKR global portfolio and digital buyout opportunities in India.
BUSINESS
Multiplex chain PVR planning rights issue; Warburg Pincus and Multiples PE may participate
PVR Cinemas has appointed Axis Capital as the merchant banker for the proposed rights issue, a source told Moneycontrol.
BUSINESS
General Atlantic's Sandeep Naik: Jio is uniquely positioned to democratise data and digital services
General Atlantic, which invested Rs 6,600 crore in RIL digital unit, says it will support Jio team as they look to solve needs of Bharat and leverage connectivity
BUSINESS
Carlyle and former Mylan top executive in talks to buy Ra Chem Pharma from Micro Labs
The Carlyle-Hari Babu consortium is in advanced stages of negotiations to buy out Hyderabad-based API ( active pharmaceutical ingredients) maker Ra Chem Pharma from majority stakeholder and parent Micro Labs.
BUSINESS
Why Vedanta is delisting on the Indian stock exchanges now, explained
Understanding the rationale behind metals and mining billionaire Anil Agarwal's decision to buy out minority, non-promoter shareholders of his Indian unit and take it private.
BUSINESS
Kotak Mahindra Bank, Hero FinCorp and True North in race for Future’s stake in general insurance JV
Mumbai-headquartered Future, India’s largest retail firm, holds a 50 percent stake in Future Generali India Insurance, which commenced operations in 2007.
BUSINESS
Reliance Jio's new investor Silver Lake is quite the 'sport'
Silver Lake backs some of the biggest global brands in sports entertainment ranging from football to mixed martial arts to live venue services
BUSINESS
Exclusive | L&T Mutual Fund: GA-backed IIFL Wealth, HDFC AMC, Blackstone and DSP Group in the fray
The engineering to software conglomerate, which houses L&T Mutual Fund under listed arm L&T Finance, had put the mutual fund business on the block earlier in a renewed attempt to find a suitable buyer
BUSINESS
Exclusive | KKR leads race to buy stake in Piramal's pharma business
The stake-sale process is aimed at raising growth capital and strengthening the Piramal group’s balance sheet.
BUSINESS
New FDI law covering Chinese investments sends dealmakers into a tizzy
Apart from investments in specific sectors, government nod was required only for investments originating from Pakistan and Bangladesh
BUSINESS
Facebook deal to accelerate Reliance Jio's listing push
The gargantuan all-cash investment of Rs 43,500 crore is a vindication of Mukesh Ambani’s big bet on Jio not as a telecom company but as a tech and platform player.
BUSINESS
Coronavirus impact: Indian PE and VC investments as well as exits headed for sharp drop in 2020, says EY
PEs and VCs are expected to focus on the business continuity of their portfolio companies and rely on private investments in public equity transactions in the near term, said EY in a new report
BUSINESS
Carlyle to sell stake in Metropolis Healthcare via block deal
Carlyle is pressing ahead to sell its shares in the firm through its subsidiary firm CA Lotus Investments, said a source.
BUSINESS
Exclusive | Vineet Mittal-backed Avaada Energy eyeing up to $250m fund-raise
The renewable energy firm is open to diluting minority stake, wants the money to expand and also bid for renewable energy assets, say sources.
BUSINESS
Exclusive | ITC looks to add spice maker Sunrise Foods to its menu
An exclusivity agreement has been signed between both parties and the deal valuation is pegged in the range of Rs 2,000-2,500 crore
BUSINESS
Exclusive | Edelweiss in talks to raise capital in advisory vertical; demerger & listing next on cards
The promoters are in advanced talks with global funds to sell a minority stake in the Edelweiss Global Investment Advisors or advisory vertical and raise around Rs 400-Rs 500 crore.
BUSINESS
Exclusive | L&T revives plans to sell MF business; ropes in JP Morgan as advisor
The move is part of L&T's drive for the past few years to monetise its non-core segments and businesses and become a leaner and meaner conglomerate
BUSINESS
Everstone Capital to exit Ashok Leyland-promoted Hinduja Leyland Finance
Everstone Capital is poised to make a full exit of its existing stake in Hinduja Group's NBFC arm, Hinduja Leyland Finance.
BUSINESS
Exclusive: Piramal Enterprises eyeing $500 mn fund raise; appoints Rothschild for pharma stake sale
The pharma segment contributed Rs 4,786 crores or 36% of the group’s revenues of Rs 13215 crores in FY19.
