BUSINESS
Carlyle launches up to $308 million block deal eyeing exit from PNB Housing Finance
The March quarter profit for PNB Housing advanced 25 percent to Rs 550 crore. It had posted a net profit of Rs 439 crore in the same quarter a year earlier.
BUSINESS
Dalal Street Confidential: Why has India Inc warmed up to pre-filing of IPOs?
The pre-filing route is well-entrenched in overseas jurisdictions like US, UK, Hong Kong, and Singapore
BUSINESS
$1bn plus race for EQT-promoted AGS Health: Blackstone, TPG-General Atlantic consortium and others move to next round
EQT Private Capital Asia ( formerly Baring Private Equity Asia) is eyeing an exit after 6 years and acquired Washington and Chennai based AGS Health in 2019 for $320 million
BUSINESS
Cliffhanger sale of KKR - backed Avendus Capital: Carlyle back in fray as talks with Mizuho slow down
On February 20 , 2024, Moneycontrol was the first to report that KKR had revived the process to exit the leading home-grown firm. Slowing down of discussions between Mizuho Financial Group and KKR backed Avendus Capital over "softer deal terms" do not necessarily mean that the Japanese group is out of the race, sources said.
BUSINESS
Whirlpool Corporation ropes in Goldman Sachs for part stake sale process in Indian arm
"The announcement on our January earnings call of the intention to sell part of our stake in the business has generated significant interest, including from large, third-party investors," Whirlpool Corporation told Moneycontrol.
BUSINESS
Climate, infra will dominate India investments, says BII's Asia head Srini Nagarajan
British International Investment has invested around $2.5 billion in India so far across firms, including Mahindra Electric and Tata Capital
BUSINESS
Blackstone & Warburg Pincus may join other early-stage suitors as Ontario Teachers launches sale of Sahyadri Hospitals
As part of its first control private equity buyout in India, in August 2022, OTPP acquired a significant majority stake in Sahyadri Hospitals from the Everstone Group
BUSINESS
PAG picks JP Morgan and Morgan Stanley as advisors for mega sale of controlling stake in Nuvama Wealth Management
PAG entered Nuvama Wealth Management in 2021, and the latter was listed on the bourses in 2023, following a restructuring process. The firm's share price has doubled since its market debut
BUSINESS
Tata Capital files for mega Rs 15,000 crore plus IPO via confidential route; Tata Sons & IFC to sell shares in OFS
The move will make Tata Capital, the eight major Indian firm opting for the confidential pre-filing route after Tata Play, Oyo, Swiggy, Vishal Mega Mart, Credila Financial Services, Indira IVF and PhysicsWallah.
BUSINESS
Yet another MNC listing! Apollo Global picks 4 bankers, kicks off Tenneco's India IPO eyeing up to $2.5-bn valuation
In February 2022, Tenneco announced that it had entered into a definitive agreement to be acquired by Apollo Global Management for around $7.1 billion, including debt
BUSINESS
Post Temasek, Haldiram's adds Alpha Wave and IHC to ongoing equity raise
In India, Alpha Wave Global ( previously Falcon Edge Capital) has bet on firms like Swiggy, Lenskart, Dream 11, Chaayos, Biryani by Kilo , Ola and Policy Bazaar.
BUSINESS
Promoters of ice-cream maker Vadilal Industries settle spat; to rejig firm's management
Due to matters relating to the strategic direction, growth and governance of the Vadilal group, various disputes and differences had arisen in the past amongst the fourth generation of the Gandhi family members
BUSINESS
Haldirams announces agreement with Singapore investment major Temasek
Over and above Temasek, Alpha Wave Global is also likely to soon reach a pact to pick up around 5-6 percent stake in Haldirams along with a co-investor at the same valuation of around $10bn, sources added.
BUSINESS
KKR launches block deal worth around $200 mn in JB Chemicals with upsize option
There is an upsize option to sell an additional 3.5% stake worth around $100 million
BUSINESS
PE firm True North plans to sell majority stake in NBFC Infinity Fincorp, eyes $325 mn-$375 mn valuation
Infinity Fincorp Solutions has other external investors beyond True North. In January 2025, the firm raised $35 mn in a round led by Jungle Ventures, which also saw participation from Archerman Capital and Magnifico
BUSINESS
Tata Capital finalises 10 i-banks for over Rs 15,000 crore mega IPO, may opt for confidential filing
The IPO, expected to be a combination of primary and secondary issue of shares, may see parent Tata Sons and investor IFC paring stake.
BUSINESS
Edtech unicorn PhysicsWallah makes confidential filing of draft papers for Rs 4,600-crore IPO
The move makes PhysicsWallah the seventh major Indian firm opting for the confidential pre-filing route after Tata Play, Oyo, Swiggy, Vishal Mega Mart, Credila Financial Services and Indira IVF
BUSINESS
Race for Haldiram Snacks: Temasek seals deal for minority stake at $10-bn valuation
Blackstone and Alpha Wave Capital are the other suitors who have earlier expressed interest in the transaction
BUSINESS
Real economy on long-term basis in India is excellent, says Blackstone's Stephen Schwarzman
'It is logical to bring private credit here over time. India needs infrastructure and this is something we would like to do,' says Schwarzman
BUSINESS
Race for Haldiram: Temasek may shortly reach final pact to buy around 9% stake at around $10 bn valuation
Blackstone and Alpha Wave Capital are the other suitors who have expressed interest earlier in the transaction
COMPANIES
Race for Sahyadri Hospitals: Temasek-led Manipal Hospitals, IHH, EQT & KKR seen as early contenders
As part of its first control private equity buyout in India, in August 2022, OTPP acquired a significant majority stake in Sahyadri Hospitals from the Everstone Group
BUSINESS
Subhrajit Roy joins Motilal Oswal investment banking as Head (Equity Capital Markets)
In the recent past, Motilal Oswal has worked on deals like the Rs 3,000-crore IPO of Dr Agarwal's Healthcare and the Rs 7,500-crore and Rs 2,250-crore QIPs of Varun Beverages and 360 One Wam respectively
BUSINESS
Walmart promoted PhonePe picks 4 i-banks to kick off mega IPO next week; eyeing up to $15 billion valuation
Walmart is the majority shareholder and other investors include the likes of Microsoft, General Atlantic, Tiger Global, Ribbit Capital, TVS Capital, Tencent and Qatar Investment Authority
BUSINESS
Lot of FII money coming out of Indian equities going back into the primary market, says JP Morgan's Rohit Chatterji
Chatterji, a veteran dealmaker, is not that concerned with the shorter-term pullback by FIIs from Indian equities and said they are scouting for well-priced IPOs.
