BUSINESS
Exclusive: Piramal Enterprises eyeing $500 mn fund raise; appoints Rothschild for pharma stake sale
The pharma segment contributed Rs 4,786 crores or 36% of the group’s revenues of Rs 13215 crores in FY19.
MARKETS
Fund raising via public equity markets sees 28% spike in 2019
OFS through stock exchanges, which is for dilution of promoters ’ holdings, rose to Rs 25,811 crore in 2019 from Rs 10,672 crore raised in 2018
BUSINESS
CPPIB invests $225m in Piramal-Bain stressed asset JV
So far, the platform has invested more than $300 million in India across three investments in Panacea Biotec, Archean Chemicals and Indian Steel Corp
BUSINESS
Barbeque Nation to file DRHP soon; SBI Cap, Ambit Cap roped in as advisers
The Dhanani family hold 45.7 percent in Barbeque Nation through a subsidiary of their listed flagship Sayaji Hotels
BUSINESS
Exclusive | Bharti Airtel picks Axis Capital, JP Morgan, Citi as advisors for FY20's biggest QIP
A source told Moneycontrol that roadshows will begin shortly for the QIP to be launched in early January 2020.
BUSINESS
PE firm General Atlantic looks to add Badshah Masala to its India menu
General Atlantic wants Capital Foods to expand aggressively into newer segments in the food ingredients business and Badshah Masala with its massive network of points of sale is a good fit, sources told Moneycontrol.
BUSINESS
Exclusive: Bloomberg's India venture with Raghav Bahl's Quint all set to collapse
Seeks a new TV partner after the third failed joint venture in the country. In the last decade, Bloomberg has ended two collaborations with Ronnie Screwvala’s UTV and the Anil Ambani group.
BUSINESS
Exclusive | Cipla leads race for Wockhardt's business divisions
Wockhardt, wants to reduce its debt burden and is seeking a valuation between Rs 2,400 crore and Rs 2,700 crore
BUSINESS
SBI Cards to file DRHP next week for Rs 9,000 cr IPO, FY20’s biggest
State Bank of India holds a 74 percent stake in the company while private equity giant Carlyle holds the remaining 26 percent.
BUSINESS
Exclusive | Shapoorji Pallonji Group kick-starts sale process for Eureka Forbes; top PE funds in fray
Shapoorji Pallonji Group has initiated preliminary discussions with investment bankers for a potential sale of its consumer durable flagship Eureka Forbes.
BUSINESS
Exclusive | Carlyle launches block deal to offload partial stake in SBI Life Insurance
Carlyle currently holds 9 percent stake in the company through its investment arm CA Emerald Investments.
BUSINESS
Exclusive | Cipla, Dr Reddy's, Carlyle and Hong Kong fund in fray for Wockhardt divisions
Wockhardt has a diversified product portfolio with presence in therapeutic segments such as cardiology, dermatology, diabetes, respiratory and ophthalmology. It is not clear which of these divisions will be sold.
BUSINESS
Exclusive | Canada's CPPIB, Brookfield eyeing more than $1 bn investment in ReNew Power
CPPIB is in talks to buy out the entire stake held by Goldman Sachs, while Brookfield is eyeing the stake held by another existing investor ADIA (Abu Dhabi Investment Authority), a source told Moneycontrol.
BUSINESS
Exclusive: Avenue Supermarts promoters plan to trim stake by Feb 2020 to meet SEBI rule
The promoters, led by veteran stock market investor Radhakishen Damani, hold 80.21 percent stake in the company. SEBI's minimum public shareholding (MPS) rule for listed companies stipulates that promoters cannot own more than 75 percent
BUSINESS
Exclusive | Baring PE India eyeing exit from Manappuram Finance
At current market price, the 8.78 percent stake is valued at around Rs 1,243 crores.
BUSINESS
Top global sovereign, pension funds book Rs 500 cr PVR QIP
The fundraising exercise was launched on October 22 and the allotment of investors was completed on October 29. The issue price was fixed at Rs 1,719.05 a share.
BUSINESS
Ola valued at $10 billion in ongoing funding round
It has already been reported that Microsoft will acquire nearly five per cent in ANI Technologies (also known as Ola)
COMPANIES
Exclusive | Logistics startup ElasticRun raises $45 million in Series C round from Naspers and Avataar Ventures
Started in March 2016, ElasticRun leverages local kirana stores and small warehouses to help consumer goods companies and e-commerce firms increase the distribution of their products.
BUSINESS
Exclusive | Bain Capital-backed Emcure Pharma to dial D-Street after demerger
"Bain Capital has been invested in Emcure Pharma for the past six years and will get an exit via the proposed IPO," a source told Moneycontrol.
BUSINESS
Exclusive: M Pallonji Group eyeing exit from PNB MetLife India Insurance
The diversified conglomerate is exploring an exit and is looking to sell its 17.15 percent stake held by its flagship company M Pallonji & Company Pvt
BUSINESS
Exclusive | Warburg Pincus-PremjiInvest lead race for 26% stake in SBI General Insurance
Of this 26 percent stake, PremjiInvest -- the family office of Wipro founder Azim Premji -- is likely to pick up a higher stake than Warburg Pincus and may get a board seat as part of this proposed transaction.
BUSINESS
PE firm Advent International acquires women's innerwear brand Enamor
Enamor offers a range of lingerie, sportswear and athleisure wear and has 20 exclusive brand outlets and over 4,500 points of sale nationwide, predominantly located in larger cities.
BUSINESS
Exclusive: Ambuja Cements, HeidelbergCement join race for Rs 6,000-cr Emami Cement deal
Emami Cement currently operates three manufacturing facilities at Risda in Madhya Pradesh, Panagrah in West Bengal and Bhabua in Bihar
BUSINESS
India Inc should not ignore ‘culture’ in M&A scenarios: Bain and Company
Dinkar Ayilavarapu, Partner, Bain & Company, warns corporates that culture, which can have a major impact on deals, is under-rated in Indian M&As.
