BUSINESS
Exclusive | Rossari Biotech to end IPO hiatus, likely to be first listed company in COVID-19 lockdown
It has been 108 days since an Indian company made its debut on Dalal Street.
BUSINESS
Exclusive | Ex-ICICI Bank executive Murali Ramakrishnan likely to be named as CEO of South Indian Bank
If the proposed move fructifies, Ramakrishnan would be the first MD & CEO of South Indian Bank coming on board from a private sector lender.
BUSINESS
Yes Bank takes Zee Entertainment to court over $50 million loan guarantee spat
Yes Bank fails to get interim relief in the Bombay High Court, case is related to a disputed guarantee on a 2016 loan.
BUSINESS
Contract research firm Anthem Biosciences looks to sell minority stake in deal valuing firm at $1 billion
“Anthem Biosciences is looking to tap investors, primarily private equity funds & sell a 10 percent stake in the firm and raise around $100 million. If plans fructify, this would value the firm at a billion dollars," a source said.
BUSINESS
Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million
The transaction values the Piramal Pharma at an enterprise value (EV) of $2.77 billion with an upside component of up to $360 million depending on the company’s FY21 performance.
BUSINESS
Exclusive: Poonawalla family's Serum Institute looks to raise $1 billion for big-ticket COVID-19 vaccine project
Investment banks Goldman Sachs, Citi and Avendus Capital have been engaged as advisors for the process by the privately held vaccine manufacturer, say sources.
BUSINESS
Exclusive | Blackstone launches block deal in Embassy Office Parks REIT, looks to raise around $300 million
Embassy Office Parks REIT owns a portfolio comprising seven office parks and four prime city-centre office buildings, totalling 32.7 million sq ft as of December 31, 2018.
BUSINESS
Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
The firm seeks to improve its capital adequacy ratio and debt-to-equity ratio and boost its lending business through this rights issue.
BUSINESS
HDFC looking to raise up to Rs 14,000 crore to bolster liquidity and expand business
HDFC said it has made provisions of Rs 10,988 crore as of March 31. This is Rs 6,800 crore over and above the regulatory requirement.
BUSINESS
COVID-19 impact: SEBI paves way for consolidation of promoter stake and quicker QIP deals in listed companies
Spare a thought for the small-cap and mid-cap companies.
BUSINESS
CSB Bank appoints Pralay Mondal as president
Mondal, who was with Axis Bank, is expected to take up his new assignment in September 2020.
BUSINESS
Axis Bank's Pralay Mondal likely to join Fairfax-backed Catholic Syrian Bank
"After joining CSB Bank, Mondal may later take up a leadership position following a transition period," a source told Moneycontrol.
BUSINESS
Exclusive: HDFC joins fundraising bandwagon, looks to collect around Rs 12,000 crore
The QIP component is slated to be around Rs 7,000 crore and the convertible component around Rs 5,000 crore
BUSINESS
The fundraising tsunami few expected during COVID-19
Moneycontrol spoke to corporate India’s top merchant bankers and capital market lawyers to decode the enormous wave of fundraising in the equity capital markets during the lockdown, the key triggers and trends and the road ahead…
BUSINESS
JM Financial launches $100 million QIP
The QIP has been launched at an indicative price of Rs 70 per share, which represents a 1.41 percent discount to the last closing price on June 9
BUSINESS
Have adequate liquidity to weather condition, says Yatra CEO after failed Ebix merger
“Our liquidity combined with our current fixed cost base of $1.2 million gives us enough of a cushion for the near term,” he told Moneycontrol, brushing aside concerns about the financial health of the firm post the failed deal with Ebix.
BUSINESS
JM Financial may launch around $100 million QIP today
Moneycontrol was the first to report the firm’s QIP plans on June 6.
BUSINESS
Ebix plans countersuit against Yatra as merger fight intensifies
The Ebix response followed Yatra Online’s announcement on June 6 that it had terminated a pending merger agreement with Ebix and opted for litigation seeking ‘substantial damages’ over alleged breach of deal terms
BUSINESS
Edelweiss group's arm acquires Navayuga's road assets in north-east India for $150 million
“The buyout has been struck for an enterprise value of nearly $150 million,” a source with knowledge of the matter told Moneycontrol.
BUSINESS
Exclusive | Brookfield buys Emami Group’s solar business; deal part of conglomerate’s non-core asset sale strategy
When contacted, Emami Group confirmed the transaction. Emami Power is not linked directly to the listed flagship firm Emami Ltd and is a unit belonging to the promoter group.
BUSINESS
Exclusive | PE firm Everstone Capital prepares to take Modern Foods off its menu
Singapore-headquartered private equity firm Everstone Capital has decided to put Modern Foods, which it acquired in 2015 from HUL, on the block, people with knowledge of the matter told Moneycontrol.
BUSINESS
Exclusive l JM Financial looks to raise around $100 million via QIP, in talks with I-Sec & IDFC securities
A source confirmed the QIP plans to Moneycontrol and said it could be launched within the next few weeks.
BUSINESS
Exclusive | Tata Power prepares to launch rights issue along with infra trust to cut debt
India’s largest private integrated power company’s rights issue could be upwards of Rs 2,000 crore. Tata Power to join similar fundraising efforts of companies such as RIL, M&M Financial Services, Future Consumer and Aditya Birla Fashion & Retail.
BUSINESS
Standard Life launches fresh $260 million block deal in HDFC Life; second stake sale in a day
Earlier in the day, in a separate block deal, Standard Life sold 1.3 percent stake in HDFC Life Insurance in a separate block deal.
