BUSINESS
KKR planning fund-to-fund transfer for school chain Lighthouse Learning, formerly EuroKids, as part of internal rejig
In 2019, KKR completed the acquisition of a controlling stake in Lighthouse Learning from the existing investor consortium, led by Gaja Capital
BUSINESS
LIC leads way as HDB Financial Services raises Rs 3,369 cr from anchor investors
On June 5, the insurance behemoth announced that the company's current executive director Ramakrishnan Chander has taken charge as its Chief Investment Officer
BUSINESS
EQT, Blackstone backed Quality Care, Manipal Hospitals, IHH submit binding bids for OTPP owned Sahyadri Hospitals
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune based Sahyadri Hospitals Group from the Everstone Group.
BUSINESS
Rare bet in the works; LIC eyeing participation in anchor book of HDB Financial Services IPO
The anchor portion of the HDB Financial Services IPO has been reserved for June 24
BUSINESS
TPG Asia launches block deal to sell part stake in Sai Life Sciences and raise $102 mn
TPG Asia VII SF PTE Ltd holds a 24.73% stake in Sai Life Sciences.
BUSINESS
India's biggest NBFC IPO by HDFC Bank arm HDB Financial to launch between June 25-27
The firm is targetting a post-money valuation of around $7.2 bn (around Rs 62,000 crore) at the higher end of the price band, Moneycontrol had reported earlier.
BUSINESS
Vishal Mega Mart promoter entity launches block deal, planning to sell around 10% stake to raise $588 mn
Kedaara Capital and Partners Group acquired Vishal Mega Mart in 2018 from TPG Capital and Shriram Group for approximately $735 mn
BUSINESS
Biocon plans to launch QIP shortly to raise up to Rs 4,500 crore; Kotak, Goldman Sachs, BofA likely onboarded as i-banks
The capital raise is aimed at reducing the Bengaluru-based firm's debt and strengthen its balance-sheet
BUSINESS
HDB Financial Services likely to launch Rs 12,500-cr IPO by June-end; valuation pegged at around Rs 62k cr
As per the RBI, all 'Upper Layer' NBFCs like HDB Financial Services are required to mandatorily list within three years of being notified, i.e., September 2025 in this case
BUSINESS
JSA National Corporate Lead & Equity Partner Iqbal Khan steps down; in talks with Cyril Amarchand Mangaldas
Khan had joined JSA from Shardul Amarchand Mangaldas (SAM) 9 months ago, according to his LinkedIn page. He had joined with a team of 18-20 lawyers along with equity partner Ambarish
BUSINESS
ICICI Prudential AMC kicks off mega IPO with record syndicate; filing likely by June-end with launch aimed for Q3
This IPO will be a pure OFS by Prudential with no participation by ICICI Bank, said a source
BUSINESS
Sunil Mittal and Warburg Pincus enter into exclusive talks for Haier India stake buy; announcement likely this month
Haier India initiated its commercial operations in January 2004 and is a 100 percent subsidiary of Qingdao, China-headquartered Haier Group, one of the fastest-growing consumer durables companies in the world
BUSINESS
Bajaj Finserv promoter entities eyeing part stake sale, launch Rs 4,750-cr block deal with upsize option
On March 17, Bajaj Finserv said it had approved the acquisition of Allianz SE’s entire 26% stake in their joint insurance ventures — Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance
BUSINESS
PE firm TPG planning exit from Tata Technologies via block deal route
The stake is held by an entity named TPG Rise Climate Sf Pte Ltd and investment bank BofA Securities is acting on the proposed clean out trade which has been launched, these sources added.
BUSINESS
Flipkart eyeing exit from Aditya Birla Fashion and Retail via block deal route
Flipkart holds 6% stake in ABFRL; the floor price of the block deal is likely to be Rs 79.5 per share, sources told Moneycontrol
BUSINESS
Sahyadri Hospitals buyout: EQT, Blackstone-backed Quality Care, IHH & Manipal Hospitals may submit binding bids post-June 3rd week
As part of its first control private equity buyout in India in 2022, Canadian pension fund Ontario Teachers Pension Plan (OTPP) acquired a majority stake in Pune-based Sahyadri Hospitals Group from the Everstone Group
BUSINESS
Block deal in Niva Bupa Health Insurance: PE Firm True North and others planning to raise up to $126 mn
The Niva Bupa Health Insurance stock has risen by 23.4 per cent in the last six months. British insurer Bupa is the promoter of the firm with 55.98 per cent stake and True North via Fettle Tone LLP holds 17.47 per cent stake
BUSINESS
PAG elevates India's Nikhil Srivastava as Co-Head of Private Equity
As head of India private equity, Srivastava has led several investments, including the acquisition and public listing of Nuvama Wealth Management, and Manjushree Technopack, one of the largest PE transactions in India this year
BUSINESS
BAT eyes 2.3% stake sale in ITC via $1.36 billion block deal
In March 2024, BAT sold roughly 3.5 percent stake in ITC Ltd for about $2.1 billion in what was India's third-largest block deal ever
BUSINESS
Blackstone emerges as lead contender for mega $1.1 bn-$1.3 bn buyout of EQT-promoted AGS Health
AGS Health was acquired five years back by EQT for around $320 mn
BUSINESS
JSW Infrastructure promoter entity launches Rs 1,200 crore block deal
The promoter entity was planning to sell certain equity shares of the firm to comply with market regulator Sebi's minimum public shareholding (MPS) norms, according to a recent disclosure by the port operator and logistics player
COMPANIES
Race for AkzoNobel India: JSW Paints likely to have emerged as front-runner
A final decision in the ongoing hotly contested sale process is yet to be taken by Amsterdam, Netherlands-headquartered Akzo Nobel N.V
BUSINESS
Auto parts maker Belrise Industries likely to launch Rs 2,150-crore IPO between May 21 and May 23
The company has relationships with several multinational OEMs such as Bajaj Auto Limited, Honda Motorcycle & Scooter India Private Limited, Hero MotoCorp Limited, Jaguar Land Rover Limited and Royal Enfield Motors Limited
MARKETS
JSW Infra promoter entity to dilute stake to comply with Sebi norms, Jefferies roped in
The part stake dilution is planned in a single tranche or multiple tranches, over a period beginning from May 13, 2025 or onwards till March 31, 2026
