BUSINESS
Corporate Crossings: EYs Chirag Agrawal headed to Deloitte as new head of corporate finance
Agrawal, an alumnus of London School of Economics and Politics Science, has over two decades of investment banking experience
BUSINESS
Shriram Finance revives stake sale plans in subsidiary Shriram Housing Finance
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 US-based private equity player Valiant Capital Management
BUSINESS
$444 mn block deal likely in Axis Bank; Bain Capital plans to pare stake
Bain Capital entered Axis Bank in November 2017 and has been gradually diluting its stake via the block deal route. The Axis Bank stock has risen by 10. 3 percent in the last month
BUSINESS
Mega $590 million-plus block deal in Mankind Pharma; 3 PE funds may sell stake
The Mankind Pharma stock has risen by 30 percent in the last six months. It had a strong debut on the domestic bourses on May 9 .
BUSINESS
Peak XV Partners ,TPG and Matrix Partners may sell part stake in Five Star Business Finance
One of the sources said that the proposed block deal was likely to be launched soon with investment banks Kotak Mahindra Capital and ICICI Securities acting as advisors
BUSINESS
CVC Capital, Warburg Pincus in fray for digital tech services firm TO THE NEW
Private equity firms have been active in the IT and technology services space in 2023, including deals like Warburg Pincus-Everise and Apax Partners-IBS Software
BUSINESS
With eye on bets worth $10 billion, Temasek's board of directors land in India for key visit
The visit by the Temasek top brass comes in the backdrop of domestic stock markets hitting record highs and state election results indicating policy continuity
BUSINESS
TPG & Norwest Ventures-backed SK Finance planning $250-300 million IPO in 2024
Established in 1994, SK Finance has a legacy of over 28 years in the used vehicle finance segment
BUSINESS
Advent gears up for big-bang sale of Bharat Serums and Vaccines
Reports had named Cipla, Zydus Cadila, Dr Reddy's, Carlyle, BPEA EQT and Mylan as other potential suitors for Bharat Serums and Vaccines.
COMPANIES-2
IPO-bound NBFC Avanse, backed by Warburg Pincus, seeks fresh Rs 1,000-cr fund raise
In March 2019, Warburg Pincus entered into definitive agreements to acquire an 80 percent equity stake in Avanse Financial Services held by Wadhavan Global Capital group
BUSINESS
Advent International exploring strategic options for Manjushree Technopak; eyeing up to $1bn valuation
In October 2018, Advent invested in market leader Manjushree Technopack in partnership with the founding Kedia family. As part of the transaction, Advent purchased all the shares owned by investor Kedaara Capital and a portion of the Kedia family’s stake
BUSINESS
India provides tremendous opportunities in digital right now: Mubadala's realty CEO
Mubadala has invested over $4 billion in India of which $1.6 billion has been deployed by the real estate and infrastructure investments platform.
BUSINESS
'If we get like-minded investors, will induct for India biz post GCC,' says Dr Azad Moopen
At their meeting held on March 28, 2022,the Board of Directors of Aster DM Healthcare had constituted a Committee of Independent Directors of the Board to review the corporate structure of the company and explore options for enhancing value
BUSINESS
Aster DM Healthcare seals deal for sale of GCC Business for $1 bn; Fajr Capital roped in
The buyer, Alpha GCC Holdings, will be owned by the promoter/ promoter group of Aster India and funds managed by Middle East private equity firm Fajr Capital Advisors Limited in the shareholding ratio of 35:65, respectively.
BUSINESS
Softbank set to sell Delhivery stake worth $150 mn in fresh block deal
2023 has been an active year for block deals and according to data from Prime Database, PE and venture capital firms exited investments worth Rs 57,338 crore through block deals between January and August compared to Rs 41,051 crore during the same period last year
BUSINESS
Exclusive: Swiggy likely to have picked 7 i-banks as advisors for mega 2024 IPO
After two back-to-back markdowns, investor Invesco last valued Swiggy at around $5.5 billion while Baron Capital pegged it at around $7.3 billion.
BUSINESS
JM Financial's Amit Ramchandani likely to join Motilal Oswal as i-banking head
In a career spanning nearly 2 decades, Ramchandani has previously worked in investment banking roles at IDFC First Bank, ICICI Securities and SBI Capital
BUSINESS
Exclusive: Grasim picks Axis, Kotak, Jefferies, BofA and SBI for Rs 4,000 crore worth rights issue
Leveraging the Aditya Birla Group's synergies, Grasim has launched "Birla Pivot", the B2B online marketplace for building materials and paints business. UltraTech Cement and Aditya Birla Capital are its subsidiaries.
BUSINESS
Post OWO, will look at other unique, heritage projects, says Sanjay Hinduja
We are not interested in doing just any project. Heritage, iconic nature of the project or building, something different, not just create another 30-storey building or 40-storey building and rebrand it, says Sanjay Hinduja
BUSINESS
MC Interview: India will be world's third largest economy; vision of PM Modi is excellent, says Hinduja
IIHL or IndusInd International Holdings Ltd is one of the promoter entities of private sector lender IndusInd Bank and was the winning bidder for Reliance Capital under the IBC (insolvency and bankruptcy code) route.
BUSINESS
Mamaearth parent plans Rs 1,700-cr IPO on Oct 31; Honasa aims at Rs 10,500-cr valuation
Honasa Consumer, co-founded in 2016 by the husband-wife duo of Varun and Ghazal Alagh, attained the unicorn status when it raised $52 million at a valuation of $1.2 billion in a fundraising round in January 2022 led by top VC firm Sequoia Capital
BUSINESS
Softbank set to sell Zomato stake worth Rs 1,000 crore via fresh block deal
The year 2023 has been an active year for block deals, and according to data from Prime Database, PE and venture capital firms exited investments worth Rs 57,338 cr through block deals between January and August as compared to Rs 41,051 crore during the same period last year
BUSINESS
Hero MotoCorp arm Hero FinCorp picks 8 i-banks for mega IPO of around Rs 4,000 crore
Hero MotoCorp owns around 40 per cent stake in Hero Fincorp, the promoters, the Munjal family hold around 35-39 per cent while the balance is held by private equity investors like Apollo Global, ChrysCapital, Credit Suisse and some dealers of HeroMoto Corp.
BUSINESS
Niva Bupa to raise Rs 800 crore from Motilal Oswal Alternate Investment, Temasek & Paragon Partners
Four years after picking up a majority stake from Max in Max Bupa Health Insurance (now Niva Bupa Health Insurance), homegrown private equity firm True North struck its biggest deal on September 30 by ceding control to JV partner Bupa.
