BUSINESS
Chrys Capital-backed Mankind Pharma may float Rs 4,200-4,700 crore IPO in April
In 2015, Capital International had purchased an 11 percent stake in Mankind Pharma from ChrysCapital for $200 million. In April 2018, a ChrysCapital-led consortium, which included GIC and CPPIB, made a stunning comeback and bought a 10 percent stake again for around $350 million.
BUSINESS
Nirma Group makes fresh bet on pharma, buys out CDMO player Stericon
Bangalore-based Stericon Pharma Private Limited, a contract development manufacturing organisation, was backed by private equity firm InvAscent, which has exited via the deal
BUSINESS
Samhi Hotels, backed by Goldman Sachs, Equity International, files draft IPO papers again
Founded by Ashish Jakhanwala and Manav Thadani in 2010, Samhi Hotels had first filed for an IPO in September 2019 but later dropped the plans due to market conditions and the impact of the Covid-19 pandemic.
BUSINESS
Dr Azad Moopen's family picks up 4% more stake in Aster DM Healthcare
The promoter family now holds 41.88% stake in the healthcare provider.
BUSINESS
RIL names V Srikanth as new CFO; veteran Alok Agarwal to become Senior Advisor to Chairman
V Srikanth ( joint CFO since 2011) has been sharing a part of the responsibilities of the CFO position with Alok Agarwal for the last few years.
BUSINESS
SBFC Finance refiles DRHP; IPO size reduced from Rs 1600 crore to Rs 1200 crore
The initial share sale comprises fresh issuance of equity shares worth Rs 750 crore and an Offer for Sale of Rs 450 crore
BUSINESS
Cello World kicks off IPO to raise around Rs 2,000 crore; picks 5 investment bankers
The Mumbai-based firm promoted by the Rathod family competes with the likes of Milton, La Opala and Borosil and received a fund infusion from ICICI Venture in November 2022.
BUSINESS
India key part of strategy to hit $300 bn in assets by 2030: Canada's Ontario Teachers
OTPP's 2022 India investments include National Highways Infra Trust, Mahindra Susten and Sahyadri Hospitals.
BUSINESS
Women's Day 2023 | You may get in boards for wrong reasons, but do stay in for the right reasons: Manisha Girotra
Manisha Girotra, CEO, Moelis India and former CEO, UBS India, shares the journey, challenges and lessons from her stellar three-decade career in a free-wheeling and hard-hitting conversation with Moneycontrol's Ashwin Mohan.
BUSINESS
Meet GQG Partners, a global investor that bets $1.87 billion on beleaguered Adani Group
A close look at the firm which is now the cynosure of attention in market circles and India Inc thanks to the timely 'confidence capital' offered to the Adani conglomerate.
BUSINESS
Pratik Loonker of Investec headed to ICICI Securities as new ECM Deals Head
Pratik Loonker has earlier had stints at Deutsche Bank and JM Morgan Stanley in India, Hong Kong and Singapore
BUSINESS
Citi's Anshul Gupta may join Avendus Capital to replace Chintan Kothari who heads to VC firm
On February 16, investment firm Eight Roads Ventures announced that Kothari had joined its healthcare team in India as a Partner.
BUSINESS
Fortis Healthcare arm SRL Diagnostics kickstarts IPO prep to raise Rs 2,000 crore
The promoter group holds 57.68 percent stake while the bloc of private equity investors holds 31.52 percent in SRL Diagnostics. The investors include the likes of NY Jacob Ballas and the World Bank's development finance arm IFC.
BUSINESS
'Fundamentals for long-term growth in India are outstanding': Blackstone's Jonathan Gray
Blackstone, the largest owner of commercial and retail real estate in India, has been investing in the country since 2006 and has pumped in $50 bn across sectors.
BUSINESS
Drone maker ideaForge of '3 Idiots' fame files for IPO
Backed by Qualcomm and Infosys, the drone maker was founded by IIT Bombay alumni and co-established by former Blackstone executive Mathew Cyriac. ideaForge is backed by the likes of Qualcomm, Infosys and Florintree Capital Partners
BUSINESS
AMRI Hospitals M&A spat: Manipal Group offers revised bid; enters settlement talks with Emami Group
IPO-bound Manipal Health Enterprises, which has nearly 8,000 beds across 28 hospitals, has been on a consolidation drive in the past few years with the acquisition of the Indian assets of Columbia Asia Hospitals and Bengaluru Vikram Hospitals
BUSINESS
Union Budget 2023 pegs FY24 divestment target at Rs 51,000 crore
Union Budget 2023: So far, the government has raised only Rs 31,000 crore in FY23 by selling its stake in public sector enterprises.
BUSINESS
Economic Survey 2023: Rebound In FDI Inflows Expected
Notwithstanding an overall drop in FDI in the first half of FY23, inflows have stayed above the pre-pandemic levels, driven by structural reforms
BUSINESS
16 deals worth more than Rs 10,000 crore stuck as wait for CCI quorum continues
Several key deals across sectors are stuck as the regulator’s A team has insufficient members to approve transactions since the full time Chairperson left in October.
BUSINESS
Investors of Skanray Technologies, a COVID star, are weighing majority stake sale
Serial pharma entrepreneur Arun Kumar and private equity fund Ascent Capital, which hold a lion’s share of the shareholding, are the key investors in medical equipment manufacturer Skanray Technologies
BUSINESS
Adani Enterprises may file for mega Rs 20,000cr FPO in Jan; takes more I-bankers on board
If it fructifies, the Adani Enterprises FPO would be arguably the biggest yet in India Inc, beating the previous record held by Yes Bank. In order to boost its capital levels in line with regulatory norms, the private sector lender had launched an FPO in July 2022 to raise Rs 15,000 crores.
BUSINESS
Emirates NBD & Prem Watsa-led Fairfax Group may join IDBI Bank race, stock gains
The government and LIC together are looking to sell 60.72 per cent in IDBI Bank and had invited bids from potential buyers in October. The last date for submitting Expression of Interest (EoI) or preliminary bids was set at December 16, which was later extended to January 7.
BUSINESS
Which Indian i-bankers stole the show in 2022? Here’s their deals report card
Total annual i-banking fees which stood at $989.3 million reflected a 16 per cent YoY drop. Here's more
BUSINESS
What’s the M&A roadmap for 2023? Top dealmakers have their say
The top 5 deals in terms of size in 2022 were from the financial services, IT services, cement, pharma and infra segments led by the biggest m&a deal in India’s corporate history – the mega HDFC-HDFC Bank merger.
