BUSINESS
Warburg-backed student lender Avanse files for Rs 3,500-crore IPO
The IPO consists of a fresh issue of Rs 1,000 crore and an offer for sale of up to Rs 2,500 crore.
BUSINESS
Pratik Loonker joins Axis Capital as Head of ECM and Co-Head Financial Sponsors; two more MDs also onboard
The appointments come as veteran dealmaker Atul Mehra looks to strengthen the deal team since he took charge as the MD & CEO of Axis Capital on April 1
BUSINESS
Aster DM Healthcare block deal: PE firm Olympus planning $100-mn stake sale with upsize option
The block deal has been launched with an upsize option of an additional 5 percent stake. Based on demand, this could potentially be a $200-million clean up trade with Olympus selling its entire balance 10.1 percent stake
BUSINESS
Hyundai Motor India files draft papers with Sebi for record IPO of around $3 billion
Hyundai Motor India Limited was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes. The firm ended FY23 with revenue of Rs 60,000 crore and profits of Rs 4,653 crore, the highest amongst the non-listed car manufacturers
BUSINESS
Hyundai Motor India to shortly file for country’s largest IPO, aiming for $3 billion with valuation target of $18-20 billion
Hyundai Motor India Limited was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes. The firm ended FY23 with revenue of Rs 60,000 crore and profits of Rs 4,653 crore, the highest amongst the non-listed car manufacturers
BUSINESS
Bain Capital planning to exit L&T Finance and sell balance stake via block deal
The floor price for the block deal hasa been fixed at Rs 169.17 per share, a 0.85 percent discount to the last closing price of Rs 170.62 per share
BUSINESS
IndiGo block deal: Rahul Bhatia promoter entity plans to sell around 2% stake worth $394 mn
"This is the first time in many years that he is looking to unlock value and pocket some returns," said one of the persons to Moneycontrol on the condition of anonymity
BUSINESS
IRB Infra block deal: Cintra looks to sell around 5% stake for $228 mn
"The block deal has been launched and the floor price is at a 10.2 per cent discount to the closing price of IRB Infra on June 10, " one of the persons said.
BUSINESS
Bajaj Finance arm Bajaj Housing Finance files draft papers for upto Rs 7,000 crore IPO
The proposed mega listing marks the return of the Bajaj group to the public market after several years.
BUSINESS
Deal street momentum to continue despite election surprise, say dealmakers
Since January 1, 31 firms have listed on the domestic bourses and raised Rs 45,774 crore, according to data by Prime Database. The year has also seen big-bang M&A action with the $8.5 billion RIL-Disney merger and the $2.5-billion sale of American Tower Corp's (ATC) India unit to Brookfield-backed DIT
BUSINESS
Bajaj Finance arm Bajaj HF approves IPO; fresh issue of up to Rs 4,000-cr plus OFS
The proposed mega listing marks the return of the Bajaj group to the public market after several years
BUSINESS
Temasek and MOPE-backed Molbio Diagnostics kickstarts IPO prep, aims Rs 22,000-24,000 cr valuation
Molbio Diagnostics, which is known for its molecular diagnostics platform, became Goa's first startup to hit unicorn status in September 2022
BUSINESS
Emami Group weighs strategic options for pharmacy retail chain Frank Ross
The stock price of Emami Ltd, the flagship company of the Emami Group, hit a 52-week high during trading hours on May 30 post a healthy set of Q4 earnings and positive business outlook
BUSINESS
LG Electronics India eyes IPO after Hyundai’s move; no final decision yet
“We believe that recent speculations stem from the high expectations the market holds for LG Electronics in India,” an LG Electronics spokesperson said
BUSINESS
India's biggest IPO? Hyundai also picks Kotak, MS to finalize syndicate; eyes $2.5 bn to $3 bn raise
Hyundai Motor India was India's second largest carmaker after Maruti Suzuki in FY24 in terms of passenger sales volumes
BUSINESS
Carlyle-promoted Hexaware picks 5 i-banks for mega IPO at $5-6-bn valuation, India's biggest in IT services since TCS
Carlyle acquired Hexaware in 2021 from Baring Private Equity Asia (now EQT) for around $3 billion. The earlier promoter Baring Private Equity Asia had delisted the firm in 2020
BUSINESS
'Shriram HF acquisition is a Deja Vu moment for us', says Narendra Ostawal of Warburg Pincus
Ostawal leads the investment advisory activities of Warburg Pincus in India and joined the firm in 2007
BUSINESS
MC Exclusive: MNCs looking at India in a very different way as compared to few years ago, says JP Morgan's Navin Wadhwani
Wadhwani joined JP Morgan India as head of investment banking in October 2022. He has three decades of experience as a dealmaker and has previously worked at RIL, Rothschild and Arthur Andersen
BUSINESS
Targeting $50 bn valuation for IIHL's BFSI portfolio by 2030; hopeful of quick IRDAI nod for RCap buyout: Ashok Hinduja
IIHL is awaiting the green signal from the insurance sector regulator IRDAI for the Rs 9,661 crore Reliance Capital acquisition
BUSINESS
Race for Apax Partners promoted Healthium Medtech: KKR seen as lead contender
In 2018, British private equity firm Apax Partners acquired Healthium Medtech from investors including TPG Growth and CX Partners
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
