Moneycontrol PRO

Ashwin Mohan

Deputy Editor - Deals, Moneycontrol

Union Budget: Here is the wish list from Deal Street

BUDGET

Union Budget: Here is the wish list from Deal Street

From relaxation of delisting norms and Press Note 3 to tax sops and tackling the aftermath of the Tiger Global verdict, top dealmakers speak to Moneycontrol on their key expectations from Budget 2026

Shapoorji Pallonji Group picks 6 i-banks and kicks off mega Rs 8,000-crore IPO of realty arm

BUSINESS

Shapoorji Pallonji Group picks 6 i-banks and kicks off mega Rs 8,000-crore IPO of realty arm

The group is looking to unlock value in its real estate business and pare its debt burden. The deal kick-off happened earlier in January

Diageo’s USL calls for RCB bids by early February amid suitor frenzy; Dr Ranjan Pai in advanced talks with KKR

BUSINESS

Diageo’s USL calls for RCB bids by early February amid suitor frenzy; Dr Ranjan Pai in advanced talks with KKR

The RCB sale process has seen frenetic inbound interest, with more than 50 non-disclosure agreements received from interested parties, sources told Moneycontrol

Part stake sale brewing at Shah Rukh Khan, Juhi Chawla & Jay Mehta owned Kolkata Knight Riders

BUSINESS

Part stake sale brewing at Shah Rukh Khan, Juhi Chawla & Jay Mehta owned Kolkata Knight Riders

Investment bank Nomura has been roped in as the sell-side advisor for the proposed deal which is likely to launch early next year

L Catterton India, led by ex-HUL MD Sanjiv Mehta, invests in Haldiram's

BUSINESS

L Catterton India, led by ex-HUL MD Sanjiv Mehta, invests in Haldiram's

The deal size and the valuation were not disclosed, but sources said that that L Catterton is likely to have picked up a minority stake

Majority stake sale in IPL team Rajasthan Royals in play; The Raine Group roped in as advisor

BUSINESS

Majority stake sale in IPL team Rajasthan Royals in play; The Raine Group roped in as advisor

Preliminary discussions have been held with suitors and investors and the targeted valuation for the franchise is $1bn plus, sources told Moneycontrol. Suitors for RCB may also evince interest in Rajasthan Royals, sources added.

Biocon picks 4 bankers for up to Rs 4,500 crore capital raise; may launch deal by January

BUSINESS

Biocon picks 4 bankers for up to Rs 4,500 crore capital raise; may launch deal by January

Roadshows for the proposed fund raise will begin shortly, sources told Moneycontrol

ICICI Prudential Asset Management Co files red herring prospectus for mega IPO

BUSINESS

ICICI Prudential Asset Management Co files red herring prospectus for mega IPO

The 51:49 joint venture has existed for 26 years with ICICI Bank tying up with Prudential Plc back in 1998

Race for iD Fresh Food: Apax Partners in exclusive talks for stake buy at $500-mn valuation

BUSINESS

Race for iD Fresh Food: Apax Partners in exclusive talks for stake buy at $500-mn valuation

The popular Bengaluru based preservative-free, ready-to-cook brand is backed by marquee investors TPG NewQuest and Premji Invest

Sebi nod in, ICICI Pru AMC eyeing IPO launch in December at $12-12.5 bn valuation

MARKETS

Sebi nod in, ICICI Pru AMC eyeing IPO launch in December at $12-12.5 bn valuation

On June 10, Moneycontrol was the first to report that ICICI Prudential AMC had kicked off its mega listing plans.

Bharti Airtel promoter entity ICIL launches block trade worth up to $806 mn

BUSINESS

Bharti Airtel promoter entity ICIL launches block trade worth up to $806 mn

ICIL has 1.48% stake currently in Bharti Airtel, as per exchange data. The telecom firm's total promoter stake stands at 50.27%

KKR makes fresh investment in school chain Lighthouse Learning; PSP Capital roped in as new investor

BUSINESS

KKR makes fresh investment in school chain Lighthouse Learning; PSP Capital roped in as new investor

On June 25, 2025, Moneycontrol was the first to report that KKR was planning an internal fund-to-fund transfer for the leading school chain.

Meesho targeting post-money valuation of Rs 52,500 crore for IPO; set to launch in December

BUSINESS

Meesho targeting post-money valuation of Rs 52,500 crore for IPO; set to launch in December

The net proceeds from the IPO will be used for cloud infra investments, inorganic growth and others aspects

Adani Group launches Rs 2,500 cr block deal eyeing full exit from AWL Agri Business

BUSINESS

Adani Group launches Rs 2,500 cr block deal eyeing full exit from AWL Agri Business

Earlier in the week, Adani Group which held 20 per cent stake in AWL Agri Business, sold 13 per cent  to Wilmar International Ltd by an off-market transaction worth Rs 4,646 crore

Zydus Lifesciences picks 3 I-banks for Rs 5,000-crore QIP; may launch deal by early 2026

BUSINESS

Zydus Lifesciences picks 3 I-banks for Rs 5,000-crore QIP; may launch deal by early 2026

The firm is looking to reduce its debt and eyeing mergers and acquisitions (M&A) opportunities, especially linked to its US specialty business

Emirates Telecommunications Group Company enters race for majority stake in TA Associates & True North backed Accion Labs

BUSINESS

Emirates Telecommunications Group Company enters race for majority stake in TA Associates & True North backed Accion Labs

Investment banks JP Morgan and Avendus Capital are the sell-side advisors on the proposed transaction which is currently at an advanced stage

 BNP Paribas, Prudential Plc, PE’s line up for Warburg Pincus stake in IndiaFirst Life Insurance

BUSINESS

 BNP Paribas, Prudential Plc, PE’s line up for Warburg Pincus stake in IndiaFirst Life Insurance

"On September 16, Moneycontrol was the first to report that Warburg Pincus had kickstarted the process to explore an exit from IndiaFirst Life Insurance"

ChrysCapital leads race for stake buy in Nash Industries valuing firm between Rs 6,000 cr-Rs 6,300 cr

BUSINESS

ChrysCapital leads race for stake buy in Nash Industries valuing firm between Rs 6,000 cr-Rs 6,300 cr

Set up in 1971, Bengaluru based manufacturing solutions provider Nash Industries has capabilities in design, precision sheet metal stamping, fabrication and assemblies

Swiggy ropes in 3 advisors for mega fund raise up to Rs 10,000 crore

BUSINESS

Swiggy ropes in 3 advisors for mega fund raise up to Rs 10,000 crore

During its Q2FY26 earnings call, the management indicated that the proceeds from the proposed QIP would be used for strategic reserves and " innovation capital" going ahead

Global beer giant Carlsberg picks Citi, JPMorgan as advisors for India IPO: Sources

BUSINESS

Global beer giant Carlsberg picks Citi, JPMorgan as advisors for India IPO: Sources

Denmark-headquartered Carlsberg entered the Indian market in 2007

ChrysCapital’s Kunal Shroff says Lenskart IPO will ‘stack up well’ as investors debate Rs 70,000-crore valuation

BUSINESS

ChrysCapital’s Kunal Shroff says Lenskart IPO will ‘stack up well’ as investors debate Rs 70,000-crore valuation

Softbank, ADIA and Temasek are some of the other investors in Lenskart.

ChrysCapital closes record $2.2 bn fund; largest PE fund ever raised by an India-focused firm

BUSINESS

ChrysCapital closes record $2.2 bn fund; largest PE fund ever raised by an India-focused firm

The latest fund marks a more than 60 per cent jump from ChrysCapital's $1.35 billion Fund IX in 2022

Private equity firms may list in India as IPO market expands: KKR Global Co-CEO Scott Nuttall

BUSINESS

Private equity firms may list in India as IPO market expands: KKR Global Co-CEO Scott Nuttall

"It really does feel like our type of capital is welcome here and private capital naturally wants to go where it’s welcomed," the top private equity executive said alluding to the investment friendly regime under the Indian government.

PE firm Hillhouse Investment to onboard Sudip Mahapatra of S&R Associates 

BUSINESS

PE firm Hillhouse Investment to onboard Sudip Mahapatra of S&R Associates 

In India, Hillhouse Investment which has multiple IPO-bound portfolio firms, has acquired warehousing assets from IndoSpace and has also struck a JV with Mitsubishi Group for industrial and logistics facilities

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