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.
BUSINESS
US endowment fund Regents, Oppenheimer top buyers in Uday Kotak's mega Rs 6,900-crore block deal
The second highest buyer of shares was Oppenheimer Developing Markets Fund.
BUSINESS
Exclusive | Uday Kotak to launch Rs 6,000 crore mega deal to comply with RBI settlement pact
The move will bring the curtains down on an extended standoff between the regulator and the bank over the reduction in promoter shareholding.
BUSINESS
Exclusive | PE firm ChrysCapital to buy out Capital International's stake in Intas Pharmaceuticals
Capital International wanted to exit the firm because its parent Capital Group is looking to shift focus away from the private equity vertical.
BUSINESS
Exclusive | Kishore Biyani's Future Lifestyle Fashions looks to raise Rs 200-225 crore via rights or preference issue
The listed entity, which counts consumer focused private equity firm L Catterton Asia, Azim Premji's investment arm Premji Invest and the world's largest alternative asset manager Blackstone among its investors, has been hit hard by store closures due to the extended nationwide lockdown.
BUSINESS
ITC to spice up FMCG portfolio with buyout of Kolkata-based Sunrise Foods
Moneycontrol was the first to report that both parties had initiated exclusive negotiations on the deal in March
BUSINESS
KKR India's Sanjay Nayar on Jio deal: See potential for collaborations with portfolio companies
In this interview with Moneycontrol, he sheds light on the investment thesis behind the mega deal, potential synergies within the KKR global portfolio and digital buyout opportunities in India.
