BUSINESS
Race for Shriram Housing Finance: Mubadala in talks to join front-runner Warburg Pincus as co-investor
Parent Shriram Finance, which is mainly into commercial vehicle financing, owns 84.82 percent in Shriram Housing Finance, while 14.94 percent stake is held by San Fransisco, California-based private equity player Valiant Capital Management
BUSINESS
Veeda Clinical Research: CX Partners-led consortium looks to sell majority stake, eyes $600 mn -$650 mn valuation
In December 2018, a consortium of growth-oriented private equity firms led by CX Partners acquired a 'significant' equity ownership in Veeda.
BUSINESS
Manipal Hospitals to acquire Kolkata's Medica Synergie
Temasek-backed Manipal Hospitals will integrate Medica Synergie into its portfolio and rebrand it, taking its total bed count to more than 10,500
BUSINESS
IPO market in India unmatched when compared to rest of the world, says PwC's Eric Janson
In an exclusive interview with Moneycontrol, the PwC veteran cited technology, healthcare and industrials as his top sectoral picks for deal activity while adding that the funding winter is not yet over
BUSINESS
Canadian pension fund CPPIB sells part stake in Delhivery via $110-mn block deal
Over and above Delhivery, CPPIB has also bet on other new-age firms in the past like Zomato, Flipkart, Nykaa, Acko, Dailyhunt, Paytm and Byju's
BUSINESS
Blackstone-backed Aadhar HF reduces IPO size to Rs 3,000 cr; targets early May launch at Rs 13,500-cr valuation
On April 5, Moneycontrol reported that Sebi had given the green signal for the Aadhar HF IPO. The firm had refiled its draft initial share sale documents with the market regulator in February
BUSINESS
Race for Yes Bank: Bids likely by month-end, Emirates NBD may also join the fray
NBD (National Bank of Dubai) merged with Emirates Bank International (EBI) on March 6, 2007 to form Emirates NBD
BUSINESS
Post Ola Electric, now Ola Cabs meets investment banks, weighs IPO
A clutch of global and domestic investment banks are learnt to have met senior executives of Ola Cabs and discussed potential IPO
BUSINESS
Aiming about $5 bn of India bets this year in IT, pharma/healthcare and financials: EQT Asia's Jean Salata
In 2022, Sweden's EQT acquired Baring Private Equity Asia in a $7.5-billion deal to expand its Asia footprint
BUSINESS
Citi confirms Arvind Vashistha to continue as Head of India Equity Capital Markets
Vashistha, a chartered accountant, joined Citi as head of equity capital markets in November 2014 from UBS
BUSINESS
Citi ECM deals spearhead Arvind Vashistha to stay back
Initially, Vashishtha had planned to move on and join rival investment bank JP Morgan in a senior role , Moneycontrol had reported on February 5.
BUSINESS
Race for Yes Bank: Japan’s MUFG, SMBC weigh majority stake buyout in lender
The State Bank of India-led consortium, which rescued Yes Bank in 2020, is now considering selling its stake.
BUSINESS
Newsbreak confirmed: Hinduja Group's IIHL acquires 60% stake in Invesco India Asset Management
IAMI is the Indian arm of Invesco Ltd, a leading independent global investment management firm with over $1.6 trillion in assets under management
BUSINESS
Bain Capital eyeing exit from Axis Bank, launches around $430-mn block deal
In November 2017, in one of the largest private equity investments in the Indian banking sector, Bain Capital invested Rs 6,854 crore in Axis Bank
BUSINESS
Gland Pharma's ex-promoter Dr Ravi Penmetsa launches $150-mn block deal with upsize option
The floor price, which is at a discount of 7.3 percent, is likely to be at Rs 1,725 per share
BUSINESS
Bajaj Finance arm Bajaj Housing Finance picks Kotak, Axis, BofA, JM Fin and SBI Caps for mega IPO
This move marks the Bajaj Group's return to the public market after many years. The Board will meet on April 24 to address listing requirements.
BUSINESS
Blackstone-backed Aadhar HF gets Sebi nod for Rs 5,000-cr IPO post re-filing of draft papers
The affordable home financier had refiled its draft initial share sale documents with Sebi on February 2. Moneycontrol was the first to report the re-filing plans of the firm on January 30.
BUSINESS
Strength of public equity markets in India has given global investors more confidence: Blackstone's Jonathan Gray
President of Blackstone believes India has benefited from diversification of supply chains in Asia and a growth-focused government that has helped usher in reforms such as GST, IBC and REITs
BUSINESS
TPG-backed Sai Life Sciences picks 4 I-banks; to soon kick off Rs 5,000 cr-Rs 5,500 cr IPO
Before switching to the listing route, TPG-backed Sai Life Sciences had explored the sale of a controlling stake in the firm and conducted a sale process, which resulted in Bain Capital emerging as the front-runner in the final leg, according to a January 25 report by Moneycontrol. But talks between both parties did not fructify into a deal
BUSINESS
Temasek-owned Sheares Healthcare Group streamlines India operations post review
The Sheares Healthcare Group is wholly-owned by Temasek, which had a net portfolio value of around $284 billion at the end of the last financial year. It invests in, designs, builds and operates a network of healthcare facilities, including hospitals, clinics, specialist medical centres and senior living facilities
BUSINESS
Hinduja Group's IIHL in talks to acquire majority stake in Invesco AMC
Sundaram MF-Principal MF, HSBC AMC-L&T MF and Bandhan-led consortium acquiring IDFC MF are some of the transactions in the sector over the past few years.
BUSINESS
Veteran dealmaker Atul Mehra joins Axis Capital as MD & CEO
Mehra began his career as an analyst at JM Financial in 1991 and departed the firm after a tenure of more than 32 years
BUSINESS
Big 4 veteran dealmaker Vivek Gupta joins Deloitte as Transactions and One FS Tax Leader
Gupta was earlier a Partner and National Head (M&A tax and PE tax) at KPMG
BUSINESS
Sterlite Power, GIC seal JV for India power transmission platform
Via this arrangement, Sterlite Power will own the majority stake of 51 percent and GIC will own the remaining stake.
