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
Markets brace for uncertain times ahead in May, major hurdle for bulls seen at 22,500
Nifty up move is unlikely unless Call writers exit from the 22,500 strike. This level is likely to act as a major hurdle for the index.
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
Short covering aided rally in Nifty likely to continue during next week
Both the price action and the derivative data indicators point towards a possible short covering in the last week of the April series.
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
Nifty's pivot is on weak footings; convincing close above 22,500 must for next leg of rally
The weak price action structure coupled with unconvincing derivative data points indicates one needs to exercise caution.
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.
