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.
BUSINESS
ONGC-NTPC JV to acquire Ayana Renewable Power for $2.3 billion
The deal aligns with the broader vision of the JV's ultimate Parent Companies (ONGC and NTPC) to achieve their Net Zero targets by 2038 and 2050 respectively
BUSINESS
UK's Prudential is evaluating a potential listing of ICICI Prudential Asset Management
As of September 2024, ICICI Prudential AMC had assets under management of Rs 8,67,000 crore and 1.1 crore-plus investors across 133 schemes
BUSINESS
EQT-backed Indira IVF makes confidential filing for Rs 3,500 crore IPO
The move makes Indira IVF the sixth major Indian firm opting for the confidential pre-filing route after Tata Play, Oyo, Swiggy, Vishal Mega Mart and Credila Financial Services.
BUSINESS
Lenskart in talks with 5 i-banks to kick off mega $1 bn-plus IPO later this month
The firm was founded in 2008 by Peyush Bansal, Amit Chaudhary, Neha Bansal and Sumeet Kapahi and in 2019, the eyewear brand joined the coveted unicorn club
BUSINESS
Multiples PE seals deal for controlling stake in IT services firm QBurst
This transaction, with an investment of $ 200 million, marks Multiples' largest control investment in technology services.
BUSINESS
Carlyle-promoted Hexaware Tech may launch Rs 8,750 crore IPO between February 12-14
This will be India's biggest ever IPO in the IT services and enterprise tech segment. Carlyle acquired Hexaware in 2021 from rival private equity firm Baring Private Equity Asia (now EQT) for around $3 billion.
BUSINESS
EQT-promoted AGS Health launches $1 billion plus sale process; multiple PE firms may queue up
AGS Health was acquired five years back by EQT for around $320 mn. Advent International, Hillhouse Investment , Apax Partners, General Atlantic, Blackstone, TPG and Carlyle may express interest in the proposed deal.
